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Thursday, June 18, 2009
Money Fund Outflows in the Latest Week are the Highest Since September
by:
Kimberly Chin
Outflows from money market markets in the latest week are the highest since September, the
Wall Street Journal's
Lauren Pollock reports in Thursday's
Fund Track
, citing numbers from
iMoneyNet's
Money Fund Report.
Assets in money funds fell $62.9 billion in the latest week. Total assets went down to $3.632 trillion.
Meanwhile, long-term mutual funds recorded net inflows for the 13th straight week, Pollock reports, pointing to data from the ICI. Inflows totaled $12.48 billion in the week ended June 10.  
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