Money market fund boom is back! US asset size hits new high
The recent volatility in the global risk asset market is like a strong force, pushing investors to the safe haven - US money market funds. The latest data shows that this torrent of funds has pushed the asset size of money market funds to an unprecedented height.
In the week ending August 14, US money market funds attracted a net inflow of up to US$28.4 billion, and the total asset size jumped to a staggering US$6.22 trillion, setting a new record. Since the Federal Reserve launched its most aggressive tightening policy in history in 2022, retail investors have shown great enthusiasm for money funds, and this trend has not diminished but increased.
Although the market generally expects the Federal Reserve to start a rate cut cycle, the pace of capital inflows into money market funds has not slowed down. This phenomenon not only reflects investors' cautious attitude towards the current market environment + communication Junyang: 954737157, but also highlights the unique value of money market funds in risk management. With the continuous expansion of asset size, US money market funds are becoming a force that cannot be ignored in the financial market.
