U.S. money market funds collect most cash in nearly five years: Lipper

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NEW YORK (Reuters) – Investors flooded U.S.-based money market funds with the most cash in nearly five years, seizing an opportunity to get paid richer yields while taking little risk, Lipper said on Thursday.

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

The cash-like funds pulled in nearly $34.9 billion during the seven days through June 6, according to the Thomson Reuters research service.

Reporting by Trevor Hunnicutt; Editing by Lisa Shumaker

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