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Money Market Fund AUM Scales Yet Another New Peak
Another week, another new record for money market fund assets.
Money funds took in nearly $18 billion in the week to September 13, data released late Thursday in the US showed.
It was the eighth inflow in nine weeks and the ninth in 11.
This week's haul was a solid encore following the prior week's $41.8 billion take.
Total assets now sit at $5.643 trillion, and the YTD inflow to US money funds stood at $908 billion after this week.
Suffice to say there's plenty of "sponge" (if you will)
