Setting a record for the fifth week in a row, U.S. money market mutual fund assets jumped to $696.14 billion for the week ending June 16, according to the Investment Company Institute.

The run-up in assets - which exceeded the revised $694.72 billion achieved the previous week - affected money market funds of all types.

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.