The Reserve Funds Tops $30 Billion in Assets
Total assets at The Reserve Funds have topped $30 billion for the first time. Reserve has seen total assets grow by 26% so far in 2004. Individual, brokerage and corporate investors have been attracted to Reserve’s Insured Deposits up 31% in 2004 and money fund products up 25% in 2004. ‘This milestone marks an incredible period of sustained growth for Reserve and reflects investors’ need for the expertise, diversity, liquidity and returns that Reserve’s investment products offer,’ said Bruce Bent II, President.