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Rating:Money Fund Assets Touch a New High Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 15, 2009

Money Fund Assets Touch a New High

by: Armie Margaret Lee

Assets in money market funds climbed by $43.38 billion in the week ended Tuesday, bringing the total to a new record of $3.84 trillion, The Wall Street Journal reports, citing data from iMoneyNet's Money Fund Report.

Inflows into taxable funds amounted to $40.19 billion and tax-free funds recorded inflows of $3.19 billion as yields fell steeply.  

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