US money market funds reach record $6.67 trillion
Fri, Nov 15, 2024 10:56 AM

US money market funds reach record $6.67 trillion

A Flip by Avya Verma
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US money market fund assets climbed to an unprecedented $6.67 trillion, marking an $81.6 billion increase for the week ending November 13, according to the Investment Company Institute (ICI). This latest surge, driven largely by institutional investors, comes as fund managers ostensibly continue to seek stability amid the US Federal Reserve's interest rate policy adjustments.

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