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Money market funds post $25 billion inflows after Brexit vote - Lipper

01/07 00:33 CET

Money market funds post $25 billion inflows after Brexit vote - Lipper

By Sam Forgione NEW YORK (Reuters) - Low-risk money market funds attracted $25.1 billion (18.96 billion pounds) in new cash in the week ended June 29 after Britain voted to leave the European Union, a process often referred to as Brexit, data from Thomson Reuters' Lipper service showed on Thursday. Stock funds posted $6.8 billion in outflows to mark their biggest withdrawals since early May, while taxable bond…

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