US money market funds recently eclipsed $7 trillion in assets for the first time. For decades, investors have turned to this simple, conservative investment vehicle for cash management and capital preservation. And while the Fed eyes future interest rate cuts, Deborah Cunningham doesn’t see investor interest flagging anytime soon.
Deborah is the chief investment officer of global liquidity markets at Federated Hermes. She joined the Big Picture in Practice hosts to discuss this humble, yet sizable corner of the asset management industry.
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