Money has hardly ever been this scorching on Wall Avenue. Monetary advisers warn holding an excessive amount of can burn a gap in your portfolio.
With markets rocky and money incomes 5% or extra, buyers have boosted their holdings of money-market funds to a near-record $5.6 trillion, based on the Funding Firm Institute. Each people and institutional buyers are piling in—asset managers now have roughly one-fifth of their portfolios in money-market funds, State Avenue knowledge present.
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