BofA: Investors Attracted To Cash-Like Instruments

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🚨 🚨 BofA: Cash-like funds have recorded inflows of $925 billion so far this year, already surpassing the 2020 full-year record of $917 billion. Treasuries are also uniquely popular, on pace for a record $130 billion of inflows this year: BofA’s Michael Hartnett, EPFR data

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