Money Funds Rise to Record $8.27 Trillion in Dash for Cash

Investors are rushing into US money-market funds, lifting total assets to a record $8.271 trillion, as the war in Iran fuels a broad flight to safety.

Some $49 billion flowed into money-market funds in the week ending March 3, according to the latest figures from Crane Data LLC. About $18.5 billion alone came in on Tuesday as the effects of the US-Israeli strikes on Iran reverberated across markets. The latest funds boosted this year’s inflows to more than $162 billion.