> Cash funds continuing to attract inflows, set for record year - BofA

Cash funds continuing to attract inflows, set for record year - BofA

Investors are pouring into cash funds as they offer higher yields on short-dated debt, putting them on track for a record-breaking year of inflows, according to Bank of America and EPFR. In the week to November 8, cash funds attracted $77.7 billion of inflows, with projections of around $1.4 trillion for 2023.

Friday, 10/11/2023 | 11:55 GMT

Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year, according to Bank of America and data provider EPFR.

BofA's weekly 'Flow Show' report showed cash funds attracted $77.7 billion of inflows in the week to Nov. 8, putting them on track to see around $1.4 trillion of inflows in 2023.