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Money Funds Close Out Trillion-Dollar Year With One Final Inflow
Money market funds closed out a historic year on a strong note.
After two consecutive weekly outflows, MMFs took in $16.4 billion in the week to December 27, data released late Thursday in the US showed.
The influx completely negated the prior week's redemptions and pushed total assets back near record highs reached earlier in December.
Total AUM now stands at $5.886 trillion. The record, hit during the week to December 6, was $5.897 trillion. Inflows over the latest weekly reporting period
I moved my money out of stocks and bonds, and into 8-week T-bills, about a year ago and have never regretted it. I probably could have made more if I has moved my money back into stocks and bonds these past six-weeks, but the peace of mind has been most satisfying. I am making over 5%, deposited every other month directly into my checking account, with few worries. I really don’t expect that to change for at least three-months or so.