Money Market

ProShares now has what it describes as the first money market ETF structured to comply with the requirements of the GENIUS Act. The ProShares GENIUS Money Market ETF (NYSE:IQMM), launched on Feb. 19, is structured as a cash management tool that invests only in short-term U.S. Treasuries. The...

Billionaire Bill Ackman said that he was “bullish” as the money market funds hit a record, hinting that any rate cuts could direct these monies into the equity markets. What Happened: The founder and CEO of Pershing Square Capital Management, L.P., emphasized his “bullish”...

Cash allocations are coming back into the forefront of portfolio strategies, and Schwab Asset Management is getting in line. The company introduced a flexible money market ETF, the Schwab Government Money Market ETF (NYSE:SGVT), which started trading today, Friday, June 13. The fund provides...

The $6.3 trillion money-market industry has just welcomed its first ETF, the Texas Capital Government Money Market ETF (NYSE:MMKT). The ETF capitalizes on the current surge in money-market funds, which have boomed due to high short-term yields as investors seek safety and competitive returns amid...

In a world where cash is once again king, investors are turning their attention to cash-like funds and ETFs. One universe garnering notable interest is the U.S. Treasury market, where yields on short-term bonds have climbed to levels not seen in nearly two decades. As of now, the annual yield on U....

UBS (NYSE: UBS) cut jobs last month at its Credit Suisse subsidiary. After trimming forces in the asset management division, UBS Asset Management is now looking forward to its first live pilot program of tokenized money market fund on Ethereum.   Find out more about tokenization and its...

This story was originally published June 14, 2022.  The Federal Reserve is expected to raise interest rates by 1.5% by the end of July. With the SPDR S&P 500 ETF Trust (NYSE: SPY) down more than 20% from its highs, money market accounts may soon become more attractive to investors and...

U.S. stocks were little changed as economic data came in mixed. The Commerce Department reported that new home sales fell in the month June, while initial jobless claims came in better than expected. Investors and traders cheered positive quarterly results from Facebook and Ford, while news...