"Money-market funds rose 33% as Fed lowered borrowing costs"

Jan 06 08

Boston.com writes (via Bloomberg) "Money-market funds rose 33% as Fed lowered borrowing costs". Citing iMoneyNet data, the article says, "Total assets of US money-market mutual funds rose 32.9 percent last year, the fastest annual growth since at least 1975, as investors sought higher returns after the Federal Reserve lowered overnight borrowing costs".

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