MME: "Money Funds Seeing Huge Inflows"
Money Management Executive, formerly Mutual Fund Market News, writes "Money Funds Seeing Huge Inflows, Opportunities". The article brief says, "A flood of retail and institutional investors have hit the sidelines and settled comfortably into money market funds in light of the equity market roller coaster and credit market stumble. As of March 31, money fund assets topped $3.27 trillion, according to data from Crane Data of Westboro, Mass. Over the past 52 weeks, money funds have pulled in over $1 trillion in assets." The piece quotes Federated's Debbie Cunningham, JPMorgan's Robert Deutsch, and Reserve's Bruce Bent, and includes a Crane Data table on the 10 largest asset gainers among money funds complexes.
