American banking crisis; Transferring more than 286 billion dollars to money market funds
The US banking crisis has caused many investors to make changes in their capital portfolio in the last two weeks. as Cointelegraph He writes, in the time frame in question, investors have invested more than 286 billion dollars in American money market investment funds.
According to statistics, Americans have mostly gone to Goldman Sachs, JP Morgan Chase and Fidelity companies to inject their capital into money market funds.
Goldman Sachs mutual funds have received $52 billion, representing a 13 percent increase. Assets of JP Morgan and Fidelity investment funds increased by $46 billion and $37 billion, respectively.
Since the beginning of the corona virus epidemic, this is the first time that such a large amount has been injected into the American money market investment funds in just one month.