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U.S. money market fund assets hit a new high
Assets in US money market funds hit a new high after a global sell-off in risky assets last week led investors to cash out, as money flocked further into high-quality assets. About $28.40 billion flowed into US money market funds in the week to August 14, taking total assets to an all-time high of $6.22 trillion, according to the Investment Company Association. Retail investors have flocked to money funds since 2022, when the Federal Reserve began one of its most aggressive tightening cycles in ...
2024-08-16 04:38:59
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