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Money Fund AUM Hits New Record. RRP Drops Below $1 Trillion
Money market funds took in another $17 billion in the week to November 8, data released late Thursday in the US showed.
It was the third consecutive inflow and came on the heels of a hefty, $62.7 billion haul the prior week.
After recouping the entirety of tax-related redemptions from mid-October, total money fund AUM now sits at $5.712 trillion, a new record.
A little more than half of this week's inflow went to institutional government, while prime retail chipped in $4.5 billion of the to
