Triple-A rated money market funds sales up again

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GLOBAL - Assets of IMMFA (Institutional Money Market Funds Association) member funds rose to US$130.4bn in the last quarter of 2002.

Dollar funds totalled US$80bn, Euro funds E18.3bn and £sterling £21.6bn. “Money market funds, particularly triple-A rated IMMFA-member funds, continue to increase their assets in Europe,” said P...

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