Prime Money-Market Fund Assets Continue Steady Climb
Prime money-market fund assets took a deep dive after the SEC imposed dramatic reforms on the industry in 2016. Since then, they’ve grown – and in 2019 they’ve soared. The industry hasn’t yet “rebalanced,” as many hoped, but it’s moving in that direction, to the particular benefit of institutional investors. iMoneyNet tracks the trend line for prime-fund assets in the current issue of Money Fund Report.