Money Market Funds See Massive Inflow. Assets Hit $5.71 Trillion

Money market funds took in a massive $64 billion in the week to October 4, data released late Thursday in the US showed. It was the largest weekly haul since March's regional bank drama triggered a tidal wave of inflows. Total assets now stand at $5.71 trillion, a new record high. The lion's share of the inflows were in the institutional government category, but retail investors poured $23 billion into money funds across government and prime products. The big haul came during a week of acu