US retail money market fund assets jump $202 billion YoY to record $3.05 trillion in June
Retail balances have more than tripled since 2022 and now stand at roughly twice the peak reached after the 2020 pandemic.
Summary
US retail money market fund assets rose by $202 billion from a year earlier to a record $3.05 trillion in June, highlighting continued demand from individual investors for cash-like vehicles that typically offer liquidity and short-term yield. The total has more than tripled since 2022 and is about twice the peak recorded after the 2020 pandemic, underscoring how significantly household cash allocations into money market funds have expanded.
Terms & Concepts
- money market fund: A fund that invests in short-term, highly liquid debt securities.
- YoY: Year-over-year, a comparison with the same period a year earlier.