March 12, 2020 / 9:21 PM / 22 days ago

US money market funds get record inflow in stressful week -Lipper data

March 12 (Reuters) - U.S. money market funds took in a record $87.6 billion in the week to Wednesday, as stocks on Wall Street buckled, investors moved to cash and panic about the spreading coronavirus roiled global financial markets, data from Lipper showed.

U.S.-based stock funds in the latest week shed $1.2 billion, the Lipper data showed, while taxable bond funds shed $11.2 billion, biggest weekly outflow since January 2019. (Reporting by Alden Bentley; Editing by Sandra Maler)

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