Money market funds' inflows bounced back, increasing by 56 percent last month, despite a 19-percent dip year-over-year, according to the latest data from the folks at a publicly traded investment research firm.

Laurence D. "Larry" Fink BlackRock Chairman, CEO

This article draws from Morningstar Direct data on money market mutual fund flows in the U.S. in November 2024, across 73 money fund firms. (That's up by one Y/Y from November 2023.)

BlackRock took the lead last month, thanks to an estimated $31.873 billion in net November 2024 money fund inflows, up by $31.38 billion month-over-month from October 2024 and up by $12.791 billion Y/Y from November 2023. Other big November 2024 money fund inflows winners included: J.P. Morgan, $28.414 billion (up by $15.817 billion M/M, down by $17.019 billion Y/Y); Morgan Stanley, $26.039 billion (up by $16.945 billion M/M, up by $32.011 billion Y/Y); Fidelity, $13.462 billion (up by $14.3 billion M/M, down by $12.061 billion Y/Y); and Allspring, $13.341 billion (up by $9.888 billion M/M, down by $1.939 billion Y/Y).

As of November 30, 2024, Fidelity led the money fund inflows pack for the trailing twelve months, thanks to an estimated $143.931 billion in net inflows. Other big TTM money fund inflows winners included: BlackRock, $99.88 billion; and Schwab, $93.672 billion.

On the flip side, State Street's SSGA took the outflows lead last month, thanks to an estimated $5.817 billion in net November 2024 money fund outflows, a $6.971-billion net flows drop M/M from October 2024 and a $22.026-billion net flows drop Y/Y from November 2023. Other big November 2024 money fund outflows sufferers included: HSBC, $1.31 billion (a $3.973-billion net flows drop M/M, a $7.921-billion net flows drop Y/Y); Prudential's PGIM, $290 million (up by $290 million M/M, a $329-million net flows drop Y/Y); New York Life, $231 million (a $503-million net flows drop M/M, a $622-million net flows drop Y/Y); and Jackson, $120 million (up by $44 million M/M, up by $19 million Y/Y).

As of November 30, 2024, Invesco led the money fund TTM outflows pack, thanks to an estimated $15.949 billion in net outflows. Other big outflows sufferers included: HSBC, $11.974 billion; and SEI, $2.128 billion.

As a group, money funds brought in $149.294 billion in net November 2024 inflows (up by $53.37 billion M/M from October 2024 but down by $36.872 billion Y/Y from November 2023). As of November 30, 2024, the money fund industry held $6.698 trillion in AUM (up by $167 billion M/M, up by $818 billion Y/Y) across 2,139 money funds (up by 2 M/M, up by 36 Y/Y).

For the trailing twelve months ending November 30, 2024, money funds brought in $596.393 billion in net inflows. 

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