Money-Market Fund Assets Rise to Fresh High
12/08/2023 04:18
Money-market fund assets rose to a fresh all-time high as interest rates north of 5% and a Federal Reserve potentially done raising interest rates drove more inflows.
Money-market fund assets rose to a fresh all-time high as interest rates north of 5% and a Federal Reserve potentially done raising interest rates drove more inflows.
About $61.7 billion flowed into US money-market funds in the week through Dec. 6, according to Investment Company Institute data. Total assets increased to $5.898 trillion from $5.836 trillion the week prior.