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.
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