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Money Fund AUM Rises Further Above $6 Trillion, Nearing Record
US money market funds saw inflows for a fourth consecutive week, pushing total assets further above $6 trillion and nearer all-time highs reached just prior to a tax-related exodus last month.
$16.36 billion flowed into MMFs in the week to May 15, an ICI update released late Thursday in the US showed.
Money funds have now recouped more than $80 billion of the $143 billion in redemptions seen in the two weeks leading up to tax day in the US.
Institutional government accounted for most of the
