Mutual Fund Assets Grow: The Investment Company...

Mutual Fund Assets Grow: The Investment Company Institute reported that the assets of the nation’s 463 money market mutual funds rose by $2.68 billion in the latest week to hit a record of $343.22 billion. The rise in the seven-day period ended Wednesday marked the eighth straight week for an all-time high in fund assets, the Washington-based mutual trade group reported. The previous record set the week ended Aug. 16 totaled $340.54 billion, revised slightly upward from the $340.51 billion originally reported by the institute.