Investors are flocking to money market funds

Recent central bank rate hikes have brought interest back to an industry that has existed under the radar for a while; especially in the eurozone, where rates were negative or zero for 10 years, says abrdn. These rapid increases have spurred interest in MMFs, with EUR-denominated funds now showing attractive positive returns. MMFs are simple and convenient to use. As such, they’re a compelling complementary cash investment vehicle to traditional investment methods.