​ Money Market Mutual Fund Assets Hit a Record High of $​2.​5 Trillion. The spectacular growth of money funds continues with assets rising $​18 billion in the week ended May 16 to $​2.​5 trillion ($​2.​485) according to ICI statistics. For May so far, money funds have risen by $​50 billion; year-​to-​date, they'​re up $​103 billion, or 4.​3%; and over 52 weeks assets have surged by $​407 billion, or 20%. The asset blast continues to be double-​barrelled; both individual and institutional assets have risen sharply. Retail assets added $​6.​6 billion in the latest week and institutional assets added $​11.​7 billion. We expect inflows to continue and even to strengthen; we'​re projecting a $​500 billion, 20+% gain, for calendar 2007.

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive