FYI: U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday.
It was money funds’ third consecutive week of cash inflows, with a four-week moving average of $18.8 billion, according to data by Refinitiv’s Lipper.
The move in safe, conservative money-market funds is notable as the S&P 500 Index and the Dow Jones Industrial Average rose above 3,000 and over 27,000 for the first time, respectively, this week.
Regards,
Ted
https://www.reuters.com/article/us-investment-mutualfunds-lipper/investors-pour-28-billion-in-money-market-funds-as-sp-500-hit-record-high-lipper-idUSKCN1U62OJ
