Cash! Money Fund AUM Nears $6.2 Trillion In VaR Shock Safety Bid

We reached the point of diminishing returns months ago on stating and restating the same general narrative around the enduring appeal of 5%-yielding cash (forgone gains in riskier assets aside), but I'd be remiss not to quickly mention this week's update on money market fund flows. Money funds took in almost $53 billion in the week to August 7, ICI data released after the bell on Thursday showed. That was the third largest haul of 2024, and pushed total AUM to almost $6.2 trillion, a new recor