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iMoneyNet: U.S. Money Fund Asset Grows Three Straight Weeks

FYI: U.S. money market fund assets increased for a third straight week, as investors have raised their cash holdings near year-end after steep losses on Wall Street due to worries about slowing U.S. growth and turmoil in Washington, a private report showed.

Assets of money market funds, which are seen as nearly as safe as bank accounts, were up $4.70 billion to $2.971 trillion in the week ended Dec. 25, the Money Fund Report said on Wednesday.
Regards,
Ted
https://www.reuters.com/article/funds-imoneynet/update-1-u-s-money-fund-asset-grows-three-straight-weeks-imoneynet-idUSL1N1YV0RA
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