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Money Market Fund AUM Soars To Staggering $6.06 Trillion
US money market funds saw their second-largest inflow of 2024 in the week to February 28, an update released late Thursday in the US showed.
The near $50 billion haul came on the heels of two consecutive small weekly outflows.
Suffice to say the peak wasn't in for MMF AUM. With this week's big influx, total assets hit a new record at $6.058 trillion.
The institutional government category accounted for the lion's share, at $43.7 billion. The YTD inflow now stands at $172.23 billion. At the c
