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Money Market Fund AUM Soars. BTFP Usage Jumps In Last-Gasp
Another week, another sizable inflow to money market funds. And another new AUM record.
Money funds took in $31.33 billion in the week to March 13, the latest update from ICI, released after the bell in the US on Thursday, showed.
The lion's share was attributable to institutional government flows, which were nearly $31 billion on the week. Prime funds saw $3.33 billion in redemptions on net.
Total AUM now stands at $6.11 trillion, a mountainous sum. YTD, US money funds have taken in $222 b
