The banking disaster has led many traders to pivot their portfolio investments over the previous two weeks, sending greater than $286 billion into U.S. cash market funds to date in March, Rising Portfolio knowledge exhibits. Fund Analysis (EPFR). acquired by the Monetary Occasions.
In accordance with the numbers, the largest winners from traders who injected money into US cash market funds over the previous two weeks are Goldman Sachs (NYSE:), JPMorgan Chase (NYSE:) and Constancy. Goldman Sachs cash market funds acquired $52 billion, up 13%, whereas JPMorgan funds paid out almost $46 billion and Constancy noticed inflows of almost $37 billion, based on the FT. The amount of inflow is the biggest for a month because the emergence of the Covid-19 epidemics.
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