While flows to money market mutual funds increased at an alarming rate in the first quarter of the year (
Of that figure, institutional investors accounted for $11.93 billion, and retail investors, $2.926 billion. Total assets in money market mutual funds now stands at $3.416 trillion.
But in the first quarter of the year, money market mutual funds have benefitted tremendously, and in the trailing 52 weeks, they have netted more than $1 trillion. As Peter Crane, president and CEO of