Savers place 74pc of capital in money market funds

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PHOTO | SHUTTERSTOCK

Investors have placed 74.7 percent of their funds in money market funds which has emerged as the most popular ahead of others like equity funds that invest in listed stocks.

The dominance of money market funds – which primarily invest in fixed bank deposits besides holding cash— is due to their more stable returns that hover around 10 percent per annum.

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