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Rating:Taxable Money Fund Inflows Rise as Markets Continue to Fall Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 20, 2008

Taxable Money Fund Inflows Rise as Markets Continue to Fall

by: Neil Anderson, Managing Editor

Two months after the collapse of Lehman Brothers killed the Reserve Prime Fund, inflows continue to push money market fund assets to record levels. The Wall Street Journal's Kevin Kingsbury reports that, according to iMoneyNet's Money Fund Report, inflows of $55.63 billion for November 12-18 raised money fund assets to $3.596 trillion. That boost includes $39.2 billion that investors put into other prime funds.

Taxable money funds led the way with $59.74 billion in inflows, while tax-free funds actually felt outflows of $4.11 billion. 

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