The size of U.S. money market funds has reached a record $8.281 trillion, with strong demand for cash-like assets

Odaily Planet Daily News: Driven by uncertainty over the Fed's monetary policy path, which has stimulated demand for cash-like assets, investors have pushed the total size of U.S. money market funds to a record $8.281 trillion.

According to the latest data from Crane Data, approximately $66 billion flowed into the money market fund industry in the week ending May 28. About $41 billion of that came in on Thursday as investors adjusted their portfolios ahead of month-end. So far this year, money market funds have attracted approximately $172 billion in total inflows. (Bloomberg)