US Money-Market Fund Assets Rebound After Two Weekly Outflows
- Assets rose to $5.89 trillion in week to Dec. 27: ICI
- Prime funds saw first week of outflows since September
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Money-market assets rebounded after back-to-back weekly declines, led higher by flows into government funds.
About $16.4 billion flowed into US money-market funds in the week through Dec. 27, according to Investment Company Institute data. Total assets rose to $5.89 trillion from $5.87 trillion the week prior.