Reported about 1 month ago
Global investors have significantly increased their investments in money market funds, totaling $25.78 billion in inflows, due to cautious sentiment surrounding the upcoming elections in the U.S. and Japan, as well as changing expectations for U.S. interest rates. Mark Haefele from UBS Global Wealth Management noted that heightened market volatility is expected in the lead-up to the U.S. presidential election, impacting investment strategies across various asset classes.
Source: YAHOO