​ Money Fund Assets See Big Jump in Latest Week to Record $​3.​12 Trillion. Money fund assets increased by $​47.​64 billion to a record $​3.​118 trillion in the week ended Dec. 5, reports the Investment Company Institute. Retail funds grew $​9.​09 billion to $​1.​140 trillion, while institutional funds approached the $​2 trillion barrier, rising $​38.​54 billion to $​1.​977 trillion. For 2007, money market funds are headed for the biggest annual increase in their 35-​year history and their largest percentage increase since 1981, when assets more than doubled to $​186 billion. Assets have risen by almost $​740 billion, or 30.​9% YTD. The only other years showing larger percentage gains were 1978 and 1979, when money fund assets grew from $​4 billion to $​46 billion in a 2-​year period. Since the credit crisis begain in early August, money fund assets have grown by an incredible $​510 billion, or 19.​6%.

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive