Posted 11/30/2023, 7:33:00 PM
Janus CEO Sees $6 Trillion Money Market Cash Pile Moving to Stocks As Rates Peak
- There is almost $6 trillion in money market funds that could potentially be reallocated to risk assets
- This is according to Ali Dibadj, CEO of Janus Henderson Investors, who sees potential for reallocations as rates peak
- Money market cash piles have nearly doubled since 2018 to $5.92 trillion
- Dibadj thinks the environment will favor active strategies and stock pickers over passive approaches
- On Thursday stocks rose sharply, helped by strong Salesforce earnings