Money-Fund Assets Fall for Second Week on Portfolio Reallocation

Money-market fund assets fell for a second week in a row, led by the departure of assets from institutional funds, as investors continued to reallocate portfolios in the new year.

About $1.39 billion flowed out of US money-market funds in the week through Jan. 24, according to Investment Company Institute data. Total assets slipped to $5.960 trillion from $5.961 trillion the week prior and down from a peak of $5.975 trillion earlier this month.

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