U.S. Money Market Fund Assets

U.S. Money Market Fund Assets Following a Fed rate cut, U.S. money market funds typically experience outflows 12 months later as investors adjust their portfolios and manage risk in response to changing interest rates and market conditions. Image: Goldman Sachs Global Investment Research

Money Market Assets Under Management

Money Market Assets Under Management Following a Fed rate cut, money market funds typically experience outflows 12 months later as investors adapt portfolios and manage risk exposure in response to shifting interest rates and market conditions. Image: BofA Global Investment Strategy

All Money Market Funds Total Net Assets

All Money Market Funds Total Net Assets Despite the U.S. equity market’s upward trend since its 2022 low, investors still have a strong preference for cash. This is evidenced by the recent achievement of another record high of 6.111 trillion in money market funds. Image: BofA Global Research

Money Market Fund Assets vs. Fed Funds Target Rate

Money Market Fund Assets vs. Fed Funds Target Rate Money market funds often experience outflows 12 months after the initial rate cut. This occurs as investors reallocate their investments and adjust their risk exposure in response to fluctuations in interest rates and market conditions. Image: BofA Global Fund Manager Survey

Money Market Flows

Money Market Fund Flows While the U.S. equity market has been steadily rising since its 2022 low, conservative investors maintain a strong inclination towards holding cash. Image: BofA Global Investment Strategy

Flows into Money Market Funds

Flows into Money Market Funds Money market funds have seen strong inflows since the start of the year. Investors continue to show a strong affinity for cash, seeking for more defensive approaches to the market. Image: BofA Global Investment Strategy

Global Money Market Fund Assets

Global Money Market Fund Assets Global money market fund assets hit a new all-time high of $8.3 trillion, highlighting the perceived security and attractiveness of these funds as a viable approach for temporarily storing and increasing capital. Image: Goldman Sachs Global Investment Research

Flows – Retail Money Market Funds

Flows – Retail Money Market Funds As interest rates increase, inflows into retail money market funds continue to exhibit strength. Image: Topdown Charts

Money Market Fund Assets

Money Market Fund Assets The prior two surges in U.S. money market fund assets, in 2008 and 2020, the Fed cut interest rates. Image: BofA Global Investment Strategy