Inflows to Money Market Funds Top $280 Billion as Investors Pull Bank Deposits

Inflows to Money Market Funds Top $280 Billion as Investors Pull Bank Deposits
Graphic on Fund flows. Reuters
Bryan Jung
Updated:
0:00

U.S. money market fund inflows have topped $280 million over the past two weeks, as many investors pull their bank deposits, according to a report.

The Financial Times reported that more than $273 billion has flooded into money market funds this month, for the biggest month of inflows since the height of the pandemic in 2020, according to data provider EPFR.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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