Ameriprise Sees Elevated Client Cash in Money-Market Funds at 3.5% Yields
AMP•Money-market funds amassed a record $8.29 trillion after inflows topped $1 trillion last year, with yields on the 100 largest funds near 3.5% at April end. Ameriprise Financial’s CFO said client balances in cash-like products such as money-market funds and brokered CDs remained elevated by March end.
1. Record Inflows into Money-Market Funds
Money-market funds captured record inflows of over $1 trillion in 2025, pushing total assets to $8.29 trillion. Yields on the 100 largest funds approached 3.5% at the end of April, attracting both high-net-worth and everyday savers seeking stability and competitive returns.
2. Ameriprise Reports Elevated Client Cash Balances
Ameriprise Financial’s CFO reported that client holdings in cash-like vehicles, including money-market funds and brokered CDs, remained elevated at the end of March. The firm observed stronger demand for short-term instruments as investors prioritized liquidity during market volatility.
