Low interest rates attracts more players into the money market

Among some of the players making headway in the money market funds (MMF) space are Versa, Stashaway and Touch ‘n Go. More are joining the bandwagon, one analyst noted.

PETALING JAYA: The prevailing low interest rates have attracted more money market funds (MMFs) into the domestic market.

Based on the Lipper data, the total size of these funds currently stands at RM110bil. This represents less than 10% of the total deposits market.