Top 10 Money Market Funds

There have been more funds invested in money market mutual funds this year than iShares MSCI USA Quality Factor ETF has received year to date, which has taken in $7 billion, according to Trade Algo, one of the top ten "flow-getting" funds.

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According to Balchunas, the flowing intensity has reached the next level.

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It has been noticed recently that investors are increasingly investing their cash into money market mutual funds as they seek higher returns than those found in many bank deposit accounts, as market players and analysts have noted.

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AsTrade Algo reports, money market funds surpassed $5.1 trillion in assets in March, setting a new record for the amount of assets they possess.

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The CEO of Franklin Templeton, Jenny Johnson, claimed recently that the high-profile bank failures in March of last month had awakened investors to the fact that money market mutual funds offer higher interest rates than most other investments. According to Balchunas, money market mutual funds have attracted $200 billion over the past two weeks.

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Based on Trade Algo, Balchunas identifies the following money market mutual funds based on their inflows since the end of March, and he says they represent the top 10 money market funds in the world:

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• Goldman Sachs Financial Square Government Fund (FGTXX) — $34.32 billion

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• JPMorgan U.S. Government Money Market Fund (OGVXX) — $30.29 billion

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• Schwab Value Advantage Money Fund (SWVXX) — $26.47 billion

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• Schwab Treasury Obligations Money Fund (SNOXX) — $21.30 billion

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• JPMorgan Liquid Assets Money Market Fund (HLPXX) — $11.73 billion

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• Federated Hermes Prime Cash Obligations Fund (PCOXX) — $9.99 billon

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• Morgan Stanley Institutional Liquidity Government Portfolio (MVRXX) — $9.8 billion

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• Federated Hermes U.S. Treasury Cash Reserves (UTIXX) — $8.3 billion

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• JPMorgan U.S. Treasury Plus Money Market Fund (HGOXX) — $8.04 billion

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• Invesco Government & Agency Portfolio (AGPXX) — $7.54 billion