Dec 26, 09:57 PM

Money Market Fund Assets Rise by $54.7 Billion to $6.81 Trillion Amid $54B Net Inflows for Week Ending December 24

Total money market fund assets have increased by $54.7 billion, reaching $6.81 trillion for the six days ending December 24, according to the Investment Company Institute (ICI). This surge in assets follows a week of net outflows of $19 billion, indicating a shift in investor behavior. Analysts suggest that concerns stemming from the recent Federal Open Market Committee (FOMC) meeting prompted investors to take profits from equities and move their funds into money market accounts. The current level of cash as a share of S&P 500 market capitalization remains historically low and unchanged over the past couple of years, despite the substantial inflow into money market funds.

#Investment Company Institute #ICI #Federal Open Market Committee

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