The return of the money market funds
Jun 13, 2023
Investors globally continue to pile into money-market funds. Assets under management in these Funds have reached 7.9 tr USD, 10 times the amounts seen in 2007. This is not a surprise as US T-bills yielding 5% or more are considered an attractive investment compared to bank deposits. At these yields, short duration bond funds have also become again a building block in a diversified portfolio allocation, including in the portfolios of our clients at ECP.