​ Money Fund Assets Surge Ahead of Next Week'​s April 17 Tax Payment Date. Total money market mutual funds jumped by $​15.​3 billion in the week ended April 11, said the ICI, to a record $​2.​47 trillion. Assets will temporarily decrease as income tax payments divert the cash torrent over the next several weeks. Year-​to-​date, money fund assets have grown by $​84.​1 billion, or 3.​5%. Over the past 52 weeks, money fund assets have grown by an eye-​popping $​409 billion, or 20%. We expect inflows to resume with a vengeance in May, as money funds begin to take market share in earnest from banks, bonds, and alternative investments.

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