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.

Email This Article




Use a comma or a semicolon to separate

captcha image