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Another Week, Another Record For Money Market Funds
Another week, another new record for money market fund assets.
Inflows to US money funds decelerated in the week to August 9, data released late Thursday showed. Nevertheless, a $14.37 billion haul marked the fourth straight weekly influx and the fifth in six.
Total assets now stand at $5.53 trillion.
The data covers the week following Fitch's decision to downgrade America's credit rating. Nearly half of the inflow was attributable to retail prime funds. $3.64 billion flowed into institutio
