ICI's Money Fund Assets Show Gain
ICI's latest weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets increased by $3.87 billion to $2.672 trillion for the week ended Wednesday, November 6, the Investment Company Institute reported today. Taxable government funds increased by $2.26 billion, taxable non-government funds decreased by $690 million, and tax-exempt funds increased by $2.30 billion." Money fund assets have risen for 3 weeks in a row (up $58.3 billion) following the resolution of the debt ceiling debate on Oct. 17. (They had declined by $80.6 billion in the 3 weeks prior to 10/17.) It adds, "Assets of retail money market funds increased by $1.35 billion to $920.19 billion. Taxable government money market fund assets in the retail category increased by $260 million to $196.53 billion, taxable non-government money market fund assets decreased by $220 million to $529.92 billion, and tax-exempt fund assets increased by $1.31 billion to $193.74 billion. Institutional: Assets of institutional money market funds increased by $2.52 billion to $1.751 trillion. Among institutional funds, taxable government money market fund assets increased by $2.00 billion to $732.53 billion, taxable non-government money market fund assets decreased by $480 million to $947.79 billion, and tax-exempt fund assets increased by $990 million to $71.14 billion. ICI reports money market fund assets to the Federal Reserve each week. Revisions are due to data adjustments, reclassifications, and changes in the number of funds reporting. Weekly money market assets for the last 20 weeks are available on the ICI website."
