An earlier version of this article was featured in CNN Business’ Before the Bell newsletter. If you’re not already a subscriber, you can sign up right here. You can also listen to an audio version of the newsletter by clicking the same link.
New York
CNN
—
Following the collapse of Silicon Valley Bank and the subsequent banking crisis, cash has become king. The turmoil in financial markets has caused cautious investors to flee from volatile markets and seek more liquid alternatives.
Money market funds, which are widely considered to be one of the safest and lowest-risk investment options, have seen an influx of cash in recent weeks as investors look for more stable ground.
These funds invest in short-term securities such as government bonds, certificates of deposit (fixed-term savings accounts), and commercial debt. The goal of a money market fund is to provide investors with a relatively stable investment…
2023-03-24 06:48:50
Source from www.cnn.com
