ICI Weekly Money Fund Assets Show First Money Fund Decline in 10 Weeks

Sep 21 07

ICI Weekly Money Fund Assets Show First Money Fund Decline in 10 Weeks. Money fund assets fell by $3.14 billion this week to $2.825 trillion, as Sept. 17 corporate tax payments pulled money fund totals down. Assets should resume their record run with a vengeance next week, however, as institutional assets move to money funds to delay the impact of the Fed's Tuesday 1/2% rate cut.

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