Just buy the haystack.”[8]Registered investment funds have grown to more than $30 trillion, with more than 16,000 funds. [23] Money market funds gave shareholders market-based returns fully backed one to one in the markets. Money market funds are invested dollar for dollar in readily marketable securities—in essence, a narrow bank concept. Similar Products Overseen by Bank RegulatorsBefore I close, I want to touch upon two related forms of collective investment vehicles overseen by bank regulators, short-term investment funds and collective investment funds. [26]Short-term investment funds, estimated to total more than $300 billion in assets, operate similarly to money market funds.

Source: New York Times May 25, 2023 13:06 UTC