Investors Pour Billions into Money Market Funds

Filed under: Market Matters, Mutual Funds, Recession

Despite this week's equity rally, investors are nervous about the future. They still fear a double dip. For that reason they are running to pour funds into money markets.

EPFR Global, which tracks the flows of money market funds, reported that money market funds had their greatest inflows in 18 months, some $33.5 billion.

Some of the world's biggest fund managers are now holding up to 40% cash in their portfolios. The main driver behind the flow of funds into money markets is fear, fear of another market slide. Chris Tuffy of Credit Suisse said: "This is about capital preservation."

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Investors Pour Billions into Money Market Funds originally appeared on BloggingStocks on Sat, 10 Jul 2010 13:40:00 EST. Please see our terms for use of feeds.

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