Assets in money-market funds touch new $5.2 trillion record, ICI says

Investors hunting for yield in cash-like investments poured another $66 billion into money-market funds this week, bringing total assets to a record $5.2 trillion, according to the Investment Company Institute.

The bulk of the weekly inflows, at $71 billion, went into government funds, which invest in cash, Treasury securities and government-backed debt, according to the weekly ICI data through March 29. Heavy inflows to money-market funds have been in major focus in March after a run on deposits hastened the collapse of Silicon Valley Bank and Signature Bank and raised concerns about the stability of the U.S. banking system.

Read: The first wave of deposit outflows is nearly over. A second wave has already started, this strategist says.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Citi sees $4 trillion market potential for tokenized assets, calls it blockchain's 'killer use-case'Momentum on the adoption of blockchain technology has positively shifted, say researchers at Citi. Even the banks don’t agree with the US’s stance on digitization of assets. 4T is fud Not this sh*t again
Bron: TheBlock__ - 🏆 464. / 53 Lees verder »