US Money-Market Funds Hit All-Time High of $6.12 Trillion
- Total assets climbed in week to June 12, according to ICI data
- Surpasses prior record high-water mark reached in April
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Money-market fund assets rose to a record on expectations that Federal Reserve policymakers are in little rush to ease monetary policy.
About $28 billion flowed into US money-market funds in the week through June 12, according to Investment Company Institute data. Total assets rose to $6.12 trillion from $6.09 trillion in the prior week, surpassing a prior record high reached in April.