Money Market Fund Assets Climb Fifth Week, Nearing Record

Money market funds took in more than $17 billion in the week to May 22, pushing total AUM nearer still to the record high reached early last month. This week's haul counted as the fifth straight. MMFs have taken in more than $97 billion since tax week in the US. Tax-related redemptions briefly knocked total assets below $6 trillion as corporates and individuals tapped reserves to pay Uncle Sam. Money funds have seen unabated inflows since a $112 billion exodus midway through last month. Ins