📈 Retail Money Market Fund Assets Reach Record $2.17 Trillion in May 2025

The record $2.17 trillion in U.S. retail money market fund assets* in May 2025—up 18.7% year-over-year—reflects a strong investor preference for liquidity and safety. The tripling of retail holdings since 2017 highlights a broader shift toward cash-equivalent instruments. This buildup of liquidity suggests investors are prioritizing flexibility and capital preservation amid an uncertain financial environment.

* Retail Money Market Fund Assets are the total value of SEC-regulated money market mutual funds held by individual investors. These funds invest in liquid, short-term debt like Treasury bills, offer higher yields than demand deposits, are part of the M2 money supply, and are not FDIC-insured.