What you need to know as money market surges in popularity

The funds are currently paying better than high-yield savings accounts. (Image: Depositphotos)

Wed, 31 May 2023

By Suzanne WoolleyInvestors, shaken by the ongoing turmoil in the banking industry and seeking higher yields, are racing into money market funds. About US$350 billion (NZ$577b) flowed into money funds in the four weeks to April 5, according to the Investment Company Institute. That pushed assets to a record US$5.25 trillion, topping the US$4.8t pandemic peak.There are plenty of reasons to like money market funds right now, but they also come with risks, experts say. Here’s what you should consider when deciding whether to invest in o...

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