There are signs of recovery in the money market funds, but will this console the wary investor who may consider exchange traded funds (ETFs) instead?
Since the disastrous mid-September panic when Reserve funds dipped below $1-per-share net asset value, money market funds gained $56 billion in assets, writes Beagan Wilcox for Ignites.
By Nov. 12, money funds hit $3.63 trillion in assets and in September, before the fiasco, total money fund assets were $3.58 trillion.
Prime money funds that invest in commercial paper, certificates of deposit and other taxable investments with the greatest outflows in September/October are gaining momentum.