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Money Market Fund Assets Jumped $18 Billion to a Record $2.45 Trillion in the week ended April 4, said the ICI. Retail MMFs rose $3.7 billion to $1.00 trillion while Institutional MMFs rose $14.6 billion to $1.44 trillion. Inflows remain unusually strong. For the first quarter of 2007, money funds increased by about $50 billion vs. a decrease of $1 billion in Q1'06. Money fund assets increased about $34 billion in March and returned 0.42% on average. In Q1'07, they're up $67.8 billion, or 2.9%, and have returned 1.23% on average.
