Rate increases spur a shift to cash
by James F. Peltz, Los Angeles Times
Jun 28, 2018
4 minutes
Cash is creeping back.
With interest rates rising and the stock market cooling from its big gains last year, some savers and investors are putting more money into once-dormant cash-related products such as money market funds, bank certificates of deposit and Treasury securities.
The net assets of money market mutual funds totaled $2.89 trillion as of June 6, the most since the financial crisis in 2008-09, according to the Investment Company Institute, a mutual fund trade group.
At Vanguard Group, one of the nation's largest mutual fund providers, net cash flows into money market funds totaled $10.5 billion in the first four months of this year - nearly twice the $5.3-billion inflow during the
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