US Money-Market Funds See Second Straight Week of Outflows
- Total assets drop to $6.04 trillion in week to March 27: ICI
- Decline was offset by inflows into retail money funds
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Money-market fund assets fell for the second straight week, driven by institutional government funds, amid the recent quarterly corporate tax payment.
About $5.68 billion flowed out of US money-market funds in the week through March 27, according to Investment Company Institute data. Total assets dropped to $6.04 trillion from $6.047 trillion the week prior.