Money Market Funds See Inflows Boom as Investors Flee Stocks and Bonds
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Money market funds saw $184 billion in net inflows in Q3, nearly 10x more than the next highest category.
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The Fed's interest rate hikes have pushed up yields on low-risk money market products.
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Rising rates provide more competition for stocks as equity funds saw net outflows.
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Investors flocked to virtually risk-free money market funds amid stock and bond struggles.
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Equity funds suffered $17.6 billion in net redemptions while bond funds saw $34.7 billion inflows.