Are retail prime money market fund investors increasingly more sensitive to stress events?

Kenechukwu Anadu (), John Levin, Lina Lu, Antoine Malfroy-Camine and Nico Oefele

Supervisory Research and Analysis Notes, 2025, issue 2025-01, 15

Abstract: In this note, we examine the redemption activity of retail investors in prime money market funds, over two stress periods in 2008 and 2020. We find that, on average, retail investors’ redemptions during 2020’s stress period were substantially larger than those from 2008’s.

Keywords: financial stability; prime money market; mutual funds; runs; liquidity transformation (search for similar items in EconPapers)
Date: 2025
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