ICI released their December and year-end mutual fund statistics Tuesday and confirmed that money funds ended 2006 at a record $2.355 trillion, up $314.8 billion, or 15.4%, for 2006. Net new cash flow to money funds was $247.3 billion (the 2nd best year ever), while dividends added $67.5 billion. Money funds had an inflow of $41.5 billion in December following a $54.8 billion November.

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