Discussion Paper

Investor Composition of Money Market Funds and Its Implications for Flow Dynamics


Abstract: Money market funds (MMFs) play a critical role in supplying short-term funding to corporations, banks, and governments. While existing research has made substantial progress in understanding MMF portfolio choices and investor flows, little is known about the composition of MMFs' institutional investors.

https://doi.org/10.17016/2380-7172.3973

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2026-05-08

Number: 2026-05-08-1