Money Market Fund Assets Hit $7.75 Trillion, ICI Says

Money market fund assets keep climbing, reaching $7.75 trillion, according to the Investment Company Institute. The new tally extends an upward trend in cash-like investments as investors continue parking money in short-term funds. The update underscores how strongly money market products remain in demand. It also signals that large pools of capital are still seeking safety and yield in a shifting rate environment. Read more about this...