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Money market inflows rise as JP Morgan plans ETF conversions
Money market funds saw heavy inflows ahead of the Fed meeting as JP Morgan announced plans to shift $4.
US money market funds recorded strong inflows ahead of the Federal Reserve’s rate decision, while equity mutual funds witnessed outflows in the week ended December 3. JP Morgan announced plans to convert $4.6 billion worth of US mutual fund assets into exchange-traded funds by 2026, citing improved trading flexibility and potential tax efficiency benefits for investors in a shifting global investment landscape.