MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 20, 2008 Taxable Money Fund Inflows Rise as Markets Continue to Fall 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. Printed from: MFWire.com/story.asp?s=19947 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |