Assets in money-market funds decline as investors shift

03/19/2010 | Wall Street Journal, The

Total assets in money-market funds decreased $75.6 billion to less than $3 trillion for the first time since late November 2007. Higher federal-funds rates have enticed investors to move assets from money-market funds to the broader market. Money funds have experienced little weekly inflow since March 2009. Bond funds, meanwhile, have seen a record inflow.

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