Bloomberg published a commentary piece entitled, "Prime Time Returns for U.​S. Money-​Market Funds." It explains, "​More than $​1 trillion of outflows in just 12 months would roil just about any segment of the global financial markets. For prime funds, a corner of the U.​S. money market industry that had only $​1.​4 trillion of assets to begin with, it looked like a fatal blow. Yet almost two years after reaching their low point, prime funds, which buy certificates of deposit and company IOUs, are staging a surprising resurgence. They'​ve attracted inflows for 10 consecutive weeks, the longest stretch since early 2009, according to Investment Company Institute data through Sept. 12. At $​534 billion, the industry remains a fraction of what it was before sweeping changes to U.​S. money markets prompted a mass exodus starting in late 2015. Yet the steady stream of cash suggests a path forward." The piece adds, "With mom-​and-​pop investors leading the way, the explanation for the resurgence in prime funds looks more like a simple dash for cash.... Prime funds offer higher yields than those that strictly invest in T-​bills and other short-​term U.​S. debt.... Prime funds used to have a dollar-​a-​share fixed price, which gave the impression that they were just as stable as bank accounts. Now, their value can float.... The JPMorgan Prime Money Market Fund over the past year has traded in a range of $​0.​9999 to $​1.​0003. The Fidelity Prime Money Market Portfolio has traded from $​1.​0002 to $​1.​0004. Basically, for all intents and purposes, the funds' share prices haven'​t budged.... With prime funds proving their safety and resilience even with variable net asset values, investors may be growing comfortable putting money back in again."

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