U.S. money fund assets rise for three weeks: report GlobeInvestor
U.S. money market fund assets rose for three consecutive weeks to $3.071 trillion in the latest week, the highest level in nine years amid worries about slowing economic growth, a private report showed on Wednesday.
Some fund managers cautioned against putting too much cash into money funds as stock prices have rebounded from their steep decline in late 2018.Bonds have also stabilized with the possibility of greater gains if the Federal Reserve and other major central banks ease monetary policy to combat a business downturn.
Total money fund assets grew by $3.61-billion in the week ended March 12, less than the $30.72-billion increase the week before, the Money Fund Report said.
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