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Cash Is King For U.S. Fund Investors Wary Of Stocks

TedTed
in The Bullpen
FYI: Investors socked savings away and opted against loading up on U.S. stocks during the latest week, Lipper data for U.S.-based funds showed on Thursday.

Money market funds, designed to hold their cash value even when markets falter, attracted $24.6 billion during the week ended Aug 23. The products are on pace for their largest monthly inflows since December 2012, having drawn $69 billion already during August, Lipper said.
Regards,
Ted
http://www.reuters.com/article/us-investment-mutualfunds-lipper-idUSKCN1B42OZ
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