不过虽然美联储官员在9月降息50个基点，但与银行相比，货币市场基金往往需要更长时间才会受到影响。Although the Federal Reserve's interest rate cut cycle has begun, investors are still investing large amounts of money in US money market funds, driving the asset scale to a new high.
According to data released by the Association of American Investment Companies on Thursday, about $1,21 billion flowed into US money market funds in the week ending September 25. Total assets reached a record $6.42 trillion.
Amid such strong demand, some fund managers — including Jerome Schneider, head of short-term portfolio management and finance at Pacific Investment Management — said it was time to pull out of money market funds. As US policymakers have begun to lower the benchmark interest rate from a 20-year high, the debate over whether these funds will continue to be popular is heating up.
However, although Federal Reserve officials cut interest rates by 50 basis points in September, compared to banks, money market funds often take longer to be affected.