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