Money News

U.S. money market fund assets post biggest rise in five months: iMoneynet


(Reuters) – U.S. money market fund assets increased by $27.84 billion in the week ended Nov. 6 to $2.874 trillion, marking their largest weekly rise in five months, the Money Fund Report said on Wednesday.

Taxable money market fund assets grew by $26.64 billion to $2.739 trillion, while tax-free assets climbed by $1.20 billion to $135.27 billion, according to the report, published by iMoneyNet.

Reporting by Richard Leong, editing by G Crosse

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