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Money Fund Assets Jump $65.8 Billion in May
Jun 29 07
ICI's monthly report on mutual fund assets for May 2007 shows money market mutual fund assets increasing by a robust $65.8 billion in May ($57.6 billion was inflow with the remainder being dividends). Year-to-date 2007 through May 31, ICI's monthly series show money fund assets increasing $140.6 billion to $2.495 trillion. ICI's numbers also show "Liquid Assets of Stock Mutual Funds" at a mere 3.6%, a record low level of liquidity for funds.
