Money market mutual funds articles
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US Banks Suffer $80BN Deposit Decline, Money Market Fund AUM Rise As Stocks Soar
US Banks Suffer $80BN Deposit Decline, Money Market Fund AUM Rise As Stocks Soar For the fourth straight week, money market funds saw inflows (+$16.4BN), pushing back towards record highs above the $6 trillion level - the highest level in a month - after the seasonal tax-related dip Source: Bloomberg Retail investors have piled into money funds since the Fed began one of the most-aggressive tightening cycles in decades in 2022. On the institutional side, about $2 billion of cash...
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Money-Market Fund Assets Top $6 Trillion Again, Fed's Bank Bailout Facility Still At $113BN
Money-Market Fund Assets Top $6 Trillion Again, Fed's Bank Bailout Facility Still At $113BN Money market funds saw inflows for the third straight week (up $31.1BN) pushing the total assets to $6.03TN - the highest level in a month Source: Bloomberg In a breakdown for the week to May 8, government funds - which invest primarily in securities such as Treasury bills, repurchase agreements and agency debt - saw assets rise to $4.88 trillion, a $20 billion increase. Prime funds,...
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Months after shooting, where is the “KC Strong” fund money?
United Way of Greater Kansas City, Chiefs partnered to create “The KC Strong Fund” the day after shooting, but 3 months later, nobody has received a dime