Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now surpassed it according to data from Fitch Ratings; as of December Yu’e Bao had $157 billion in AUM, down from $268 billion in March 2018; Yu’e Bao experienced tremendous growth when Alipay added the money market fund as an option in their app and customers started using it as a checking account; it also offered higher interest rates than other options; currently around a third of China’s population use it; JPMorgan’s fund in contrast is mostly funded by institutional clients; the Chinese government recently tightened regulations on money market funds in China and Ant Financial also temporarily made other restrictions capping daily and total subscriptions; according to Quartz Yu’e Bao is now seeing their AUM increase again. Quartz
With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences.
Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.