U.S. money market assets post biggest drop since April

July 6, 2016 7:18 PM

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U.S. money market assets post biggest drop since April

NEW YORK U.S. money market fund assets posted their steepest weekly drop since April as the third quarter began with Britain's vote to leave the European Union in the rear view mirror, the Money Fund Report said on Wednesday.

Money fund assets fell by $25.77 billion to $2.682 trillion in the week ended July 5, more than reversing the prior week's inflows of $18.02 billion, according to the report, published by iMoneyNet.

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