Market fund assets ballooned to $5.13 trillion for the week ending March 22 amid the widening crisis in the global banking.
Data compiled by Investment Company Institute show total assets went up during the week by $117.41 billion. Government assets added $131.84 billion to $4.26 trillion.
Meanwhile, prime funds went down $10.83 billion to $765.33 billion while tax-exempt money market funds slipped $3.61 billion to $106.95 billion over the same time.
Source : Amid banking turmoil, investors pour $117B into money market funds