The banking crisis has caused many investors to rotate their portfolios over the past 2 weeks. More than $286 billion has been sent into money market funds (Money Market Fund) of the United States until March, according to EPFR data obtained from Financial Times
The top winners among investors who have poured cash into U.S. money market funds over the past two weeks are Goldman Sachs, JPMorgan Chase and Fidelity. Goldman Sachs money funds received $52 billion, up 13 percent, while JPMorgan funds received nearly $46 billion and Fidelity had inflows of nearly $37 billion, which the FT said was the highest inflow. In the 1 month since the outbreak of COVID-19
Money market funds are generally highly liquid and low risk. This makes them a popular choice for investors during uncertain times, and they currently offer some of the best returns in years. As the Federal Reserve continues to raise interest rates to curb inflation.
This capital inflow has been driven by fears about the health of the financial system. As banks in the US and Europe face liquidity constraints amid tighter monetary policy.
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