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Money Market Funds Are Surging in Popularity. Here’s What You Need to Know

Banking turmoil and high yields pushed money market assets to a record $5.25 trillion this week.

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Investors, shaken by the ongoing turmoil in the banking industry and seeking higher yields, are racing into money market funds. 

About $350 billion flowed into money funds in the four weeks ending April 5, according to the Investment Company Institute. That pushed assets to a record $5.25 trillion, topping the $4.8 trillion pandemic peak.