Investment News writes that "Market Fears May Lure Investors to Money Funds" in its latest issue. The piece cites market and mortgage turmoil, and attractive yields, as
factors likely to drive money fund inflows to record levels in 2007. "
The elements are all there for huge pools of assets to move into money funds at this point," says
Crane Data's Peter Crane in the piece, which also contains 10 years worth of money fund assets (
ICI) and return averages (
our
Crane 100 Money Fund Index).