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Rating:Money Fund Assets Hit $3.71 Trillion Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 10, 2008

Money Fund Assets Hit $3.71 Trillion

by: Armie Margaret Lee

Assets in money market funds increased by $57.5 billion in the latest week, bringing the total to a record $3.71 trillion, Reuters reports, citing iMoneyNet's Money Fund Report.

Taxable fund assets climbed by $56.1 billion to a record $3.22 trillion. Tax-free assets went up by $1.3 billion to $494.9 billion. 

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