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IMMFA, the Institutional Money Market Funds Association Celebrated Record Asset Levels in 2006 said the London group of European money funds at its annual meeting last week. The 30-​plus IMMFA members have seen money fund assets grow $​100 billion since 2005 to a record $​355 billion. Chairman Donald Aiken says, "We continue to punch above our weight -- as we strive to gain appropriate regulatory recognition for our funds ... and to raise awareness of the usefulness of money market funds to support other products".

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