Uday's avatar
$95.1m follower assets
Flight to safety and a glide for yield
U.S money market funds saw the biggest inflow, about $120bn which is the largest since June 2020.

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Looks like a flight to safety after the banking turmoil. With deposits at some regional banks now deemed as having more risk, a risk free money market fund offering almost 3% more suddenly starts looking much more attractive for corporates and individual investors.
Todor Kostov's avatar
@uplusk People's psychology at play in real time. This always reminds of the excellent book by Charles Mackay - "Extraordinary Popular Delusions and the Madness of Crowds".



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