The
Investment Company Institute, the trade group for the mutual fund industry, reported its
weekly money market mutual fund asset totals yesterday.
Money fund assets jumped of $8.57 billion to a new record high of $2.393 billion, breaking the old record of $
2.
392 trillion set in December 2002 (
and tied in the first week of January 2007).
Assets have increased by $37 billion in the past two weeks, following an unusual (
estimated) $
26 billion outflow in January.