NEW YORK (Reuters) – Investors flooded U.S.-based money market funds with the most cash in nearly five years, seizing an opportunity to get paid richer yields while taking little risk, Lipper said on Thursday.
The cash-like funds pulled in nearly $34.9 billion during the seven days through June 6, according to the Thomson Reuters research service.
Reporting by Trevor Hunnicutt; Editing by Lisa Shumaker
Source : Reuters
