The "Rodney Dangerfields" of the mutual fund world over the past number of years, receiving little respect, money market funds, once again, are finally having their day in the sun, the Sun-Sentinel reports.
Boosted by the
In the 1980s and the 1990s, as the stock market zoomed, money market funds were derided as "cash is trash." Then, during the bear market of 2000-2003, with the Fed cutting the overnight bank rate to 1%, the yields on money market funds shrank to even less than that.