Money Market Departures Could Lift This ETF

Prior to the Federal Reserve cutting interest rates last week, there was a record amount of cash residing in money market funds. That tally stood at more than $6.3 trillion, according to Investment Company Institute (ICI) data published earlier this month. As expected, those rate cuts sparked some departures from money market funds. Investors yanked [...] The post Money Market Departures Could Lift This ETF appeared first on ETF Trends .