Money Fund Assets See Near Record Surge in Latest Week Says ICI. Money market mutual fund assets skyrocketed this week, rising $49.3 billion to a record $2.657 trillion. The Investment Company Institute's latest weekly data show institutional assets gaining $38.13 billion to a record $1.599 trillion and retail assets gaining $11.1 billion to a record $1.058 trillion. Over 52 weeks, money funds have grown by an astounding $481 billion, or 22%. While concerns continue over a liquidity crisis in mortage-related asset-backed securities, the "flight-to-quality" assets come at a fortuitous time for money fund portfolios, helping to dilute any illiquid securities.

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