Banking disaster pushed over $286B to cash market funds in two weeks: Report

The banking disaster has led many buyers to rotate their portfolio investments prior to now two weeks, sending over $286 billion into United States cash market funds to date in March, in line with Rising Portfolio Fund Analysis (EPFR) information obtained by the Monetary Instances.

The highest winners from buyers flooding money into U.S. cash market funds prior to now two weeks are Goldman Sachs (NYSE:), JPMorgan Chase (NYSE:) and Constancy, in line with the figures. Goldman Sachs’ cash funds have obtained $52 billion, a 13% development, whereas JPMorgan’s funds poured nearly $46 billion, and Constancy noticed inflows of practically $37 billion, says the FT. The amount of inflows is the most important for a month because the emergence of the Covid-19 outbreaks.

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