June 7, 2018 / 9:14 PM / 12 days ago

U.S. money market funds collect most cash in nearly 5 years -Lipper

NEW YORK, June 7 (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)

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