US money market funds cut fees to stop investors losing money - Business Insider

to financial-crisis level at between 0% and 0.25% during the heat of the pandemic in mid-March as the US went into lockdown mode, and the coronavirus hit all sectors of the economy.

Although returns on short-term Treasury instruments remain negligible, worried investors are still flocking to invest their cash into money market funds, which are generally low return, but extremely low risk. That huge flow has led asset managers in the industry to buy debt with near-zero yields, significantly pulling down overall returns.MORGAN STANLEY: Buy these 23 high-growth stocks that look poised to deliver market-beating returns over the long term

Three firms that handle some of the largest short-term debt funds in the US have already cut fees on many products, the FT said. These are: Federated Hermes, Fidelity, and TIAA-CREF.

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