UPDATE 1-U.S. money market assets hit highest since 2010-iMoneyNet

February 24, 2016 9:10 PM

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NEW YORK Feb 24 U.S. money market fund assets jumped to their highest level in more than five years in the latest week as renewed concerns about global economic growth spurred investors into cash and near-cash investments.

Money fund assets jumped by $35.41 billion to $2.799 trillion in the week ended Feb. 23, the Money Fund Report said on Wednesday.

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