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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.

Successful smart woman investor and crypto trader, using laptop and smartphone, analyzes charts of trading in stock market and digital cryptocurrency exchange, conducts analysis, trading crypto coins
Photographer: Kateryna Onyshchuk/iStockphoto/Getty Images

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.