Money Funds Recovering Assets After 'Breaking Buck' | ETF Trends

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.