Money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010, according to a report released by Morningstar, Inc.
The report, titled the Morningstar Direct Asset Flows Update, showed that long-term funds took in $29.3 billion in March to end the quarter with inflows of $106.3 billion, but outflows continued for U.S.-stock funds for the eleventh straight month.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access