​ Money Fund Assets Jump $​29.​5 Billion in Week, August Breaks Record. The latest weekly asset totals from the Investment Company Institute show money market mutual fund assets increasing by $​29.​51 billion to a record $​2.​855 trillion. Institutional assets shift into money funds to "​ride the lag" following Fed rate cuts, and money fund assets continue to benefit from a massive shift away from lower-​yielding and higher-​risk alternatives. Money fund assets also posted a record increase in August, gaining $​162.​5 billion, according to ICI'​s just-​released monthly asset series. Year-​to-​date through Sept. 26, money fund assets have increased by $​473 billion, or 19.​9%. Money fund assets YTD in 2007 have already surpassed their previous full-​year calendar record asset increase, which was a $​440 billion surge in 2001. Over the past 52 weeks money funds have increased by a stunning $​638 billion, or 28.​8%.

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