Like Taylor Swift, assets in money-market funds keep setting records this year. But a key group of investors isn’t even leading the charge, said Deborah Cunningham, chief investment officer, global liquidity markets at Federated Hermes.
Cranes data tracked total assets in the industry as topping $6 trillion for the first time ever in August, with those levels potentially eclipsing $7 trillion by year’s end.
“Retail…
