More than $11 billion poured into money market mutual funds last week, pushing assets to yet another record, the Investment Company Institute reported.

These funds held $716.97 billion in the seven days ending July 12, a 1.6% gain. Holdings of money market funds have climbed $88.8 billion, or 14.1%, since the beginning of the year, and new highs are being reached almost weekly.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.