Cash funds continuing to attract inflows, set for record year – BofA

<p>Cash funds continuing to attract inflows, set for record year – BofA</p><p><a href="https://piqsuite.com/reuters/cash-funds-continuing-to-attract-inflows-set-for-record-year-bofa" target="_blank" rel="nofollow">FULL STORY</a></p><p>Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year, according to Bank of America and data provider EPFR.
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BofA's weekly 'Flow Show' report showed cash funds attracted $77.7 billion of inflows in the week to Nov. 8, putting them on track to see around $1.4 trillion of inflows in 2023.</p>

This article was written by Ryan Paisey at www.forexlive.com.