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Rating:Money Market Fund Assets Drop for the Fourth Straight Week Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 28, 2011

Money Market Fund Assets Drop for the Fourth Straight Week

News summary by MFWire's editors

Assets in money-market funds have dropped for the fourth straight week. For the week ended Wednesday, money-market fund assets declined by $3.8 billion, The Wall Street Journal reports, citing Investment Company Institute numbers.

The WSJ also picked up on numbers from iMoneyNet, which reported that the funds it tracks saw assets grow $2.62 billion. This marks a turnaround from a $49.83 outflow in the previous week. 

Edited by: Hung Tran


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