Money Market Funds See a Drop in Assets During the Latest Week
by:
Armie Margaret Lee
In the week ended December 26, U.S. money market fund assets totaled $3.11 trillion, representing a decrease of $3.82 billion, Reuters reported, citing ICI data.
Assets in retail money market funds increased by $7.71 billion to $1.15 trillion, and assets in institutional money market funds dropped by $11.52 billion to $1.95 trillion.
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