Money Market Fund AUM Rises Further Beyond $6 Trillion Milestone

Money market funds notched another inflow, pushing total assets to a new record high above $6 trillion, an update released late Thursday in the US showed. The $16.7 billion haul came on the heels of a chunky $41.7 billion influx the prior week. Recall that money funds saw net redemptions for two consecutive weekly reporting periods in mid-January, prompting scattered speculation about the potential onset of sustained outflows. Suffice to say such speculation was premature. MMF AUM now stand