U.S. money market funds reach a record $8.281 trillion, with strong demand for cash-like assets

Odaily Planet Daily News As uncertainty surrounding the Federal Reserve's monetary policy path 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 amount was invested on Thursday, as investors adjusted their portfolios before the end of the month. So far this year, money market funds have attracted approximately $172 billion in total. (Bloomberg)