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US Money Fund Assets Edge Closer To $7 Trillion
A strong year for money market fund flows was set to go out with a bang.
US MMFs took in nearly $55 billion during a holiday-shortened, six-day stretch to December 24, the penultimate "week" of 2024, data released late Thursday showed.
The outsized haul erased two weeks of outflows with plenty to spare, pushing total AUM to a new record high in the process.
As the figure shows, the mountain of cash parked in MMFs is now more than $6.8 trillion tall.
You know the story: Some strategists of
