ICI Reports Record Money Fund Assets

Oct 12 07

ICI Reports Record Money Fund Assets. Yet again, money funds broke new ground, rising $16.7 billion to a record $2.909 trillion in the week ended Oct. 10. Money fund assets have grown by $527 billion, or 22%, year-to-date, and by $645 billion, or 28.5$%, over 52 weeks. Money funds are seeing huge inflows from banks, enhanced cash, structured vehicles, and other conservative alternatives that are either paying non-competitive yields or experiencing unexpected price deterioration.

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