NEW YORK: Investors are rushing into US money-market funds, lifting total assets to a record US$8.27 trillion, as the war in Iran fuels a broad flight to safety.
Some US$49bil flowed into money-market funds in the week ending March 3, according to the latest figures from Crane Data LLC. About US$18.5bil alone came in on Tuesday as the effects of the US-Israeli strikes on Iran reverberated across markets.
