Investors Pour Into Cash and Set to Stay, BofA’s Hartnett Says
Bloomberg 2026-10-09 08:45:43
Context: Investors have recently injected money into cash funds at the fastest rate since the pandemic, and according to Bank of America Corp.'s Michael Hartnett, they are likely to keep their funds in cash for the foreseeable future. This significant influx of funds into cash investments has caught the attention of financial analysts. The trend is expected to continue, with investors holding onto their cash positions.
Key Facts
- Investors poured money into cash funds at the fastest pace since the pandemic.
- The surge in cash investments was noted by Bank of America Corp.'s Michael Hartnett.