Why money market funds are the new must-have for investors?
BNP Paribas Wealth Management
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Introduction
The recent US regional banking crisis was triggered by so-called deposit flight. Bank customers are withdrawing their cash deposits from low yielding instant access bank savings accounts and instead investing this cash in higher yielding money market funds. Edmond Sheng, global chief investment officer of BNP fiber wealth management joins Charlotte Dickaposon to discuss the issue.
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Transcript
