MutualFundWire.com: Money Fund Outflows in the Latest Week are the Highest Since September
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Thursday, June 18, 2009

Money Fund Outflows in the Latest Week are the Highest Since September


Outflows from money market markets in the latest week are the highest since September, the Wall Street Journal's Lauren Pollock reports in Thursday's Fund Track, citing numbers from iMoneyNet's Money Fund Report.

Assets in money funds fell $62.9 billion in the latest week. Total assets went down to $3.632 trillion.

Meanwhile, long-term mutual funds recorded net inflows for the 13th straight week, Pollock reports, pointing to data from the ICI. Inflows totaled $12.48 billion in the week ended June 10.


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