Money Market Mutual Fund Assets Hit a Record High of $2.5 Trillion. The spectacular growth of money funds continues with assets rising $18 billion in the week ended May 16 to $2.5 trillion ($2.485) according to ICI statistics. For May so far, money funds have risen by $50 billion; year-to-date, they're up $103 billion, or 4.3%; and over 52 weeks assets have surged by $407 billion, or 20%. The asset blast continues to be double-barrelled; both individual and institutional assets have risen sharply. Retail assets added $6.6 billion in the latest week and institutional assets added $11.7 billion. We expect inflows to continue and even to strengthen; we're projecting a $500 billion, 20+% gain, for calendar 2007.

Email This Article




Use a comma or a semicolon to separate

captcha image