Banking crisis pushed over $286B to money market funds in two weeks: Report By Cointelegraph

The banking crisis has led many investors to rotate their portfolio investments in the past two weeks, sending over $286 billion into United States money market funds so far in March, according to Emerging Portfolio Fund Research (EPFR) data obtained by the Financial Times.

The top winners from investors flooding cash into U.S. money market funds in the past two weeks are Goldman Sachs (NYSE:), JPMorgan Chase (NYSE:) and Fidelity, according to the figures. Goldman Sachs’ money funds have received $52 billion, a 13% growth, while JPMorgan’s funds poured almost $46 billion, and Fidelity saw inflows of nearly $37 billion, says the FT. The volume of inflows is the biggest for a month since the emergence of the Covid-19 outbreaks.