The Financial Times writes in "​Short View: Money market mystery" that, "The most recent figures from the Federal Reserve show that in November, the amount of money held in US money market funds exceeded the amount in equity funds, for the first time in 15 years." FT continues, "​The assets of equity funds had almost halved from $​6,​900bn in late 2007 to $​3,​600bn. Meanwhile, money market funds' assets rose to $​3,​700bn, double their level of three years earlier. According to Citigroup, retail money funds now account for more than 14 per cent of the total market capitalisation of the US stock market, far above the long-​term average of 8 per cent." See also, S&​P'​s release "​Ratings Withdrawn On Eight Reserve Management Funds."

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