American Century Investmentsmanages over $90 billion in assets.
Maria Bartiromo spoke with Jonathan Thomas, CEO of ACI on the Closing Bellabout what the individual investor is doing now.
Thomas said, “The yield in money markets today and accounts is so low, it's below 1%. They've lost so much wealth they know they need to make up distance. They're looking for yield but they're looking at the same time to balance that against risks. We've had 18 months of redemptions in the money markets. At the same time 18 months positive of that investment into the fixed income space, in particular the short-term positive side of fixed income.”
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