美联储降息也挡不住！美国货币市场基金规模飙破8万亿

Core Insights - The total assets under management in U.S. money market funds have surpassed $8 trillion, marking a significant milestone for the industry [1][4] - Despite the Federal Reserve's interest rate cuts, investors continue to flock to money market funds due to their yield advantages over other investment vehicles, particularly bank deposits [4][5] Group 1: Asset Growth - As of the latest week, U.S. money market fund assets increased by approximately $105 billion, reaching a historical high [1] - Year-to-date, over $848 billion has flowed into these funds, indicating strong investor interest [5] Group 2: Yield and Interest Rates - The Crane 100 Money Fund Index reported a seven-day annualized yield of 3.80% as of December 1, showcasing the competitive returns offered by money market funds [4] - The Federal Reserve has lowered the policy interest rate by 25 basis points in both September and October, now ranging from 3.75% to 4.00% [4] Group 3: Investor Behavior - Institutional and corporate treasurers are increasingly outsourcing cash management to money market funds for better yields, rather than managing it internally [5] - Retail investors currently allocate about 15% to 20% of their portfolios to money market funds, consistent with historical averages, suggesting stability in fund inflows [5]