ICI's Money Fund Holdings Summary
ICI released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. This release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in July, prime money market funds held 45.3 percent of their portfolios in daily liquid assets and 62.9 percent in weekly liquid assets, while government money market funds held 77.5 percent of their portfolios in daily liquid assets and 88.4 percent in weekly liquid assets." Prime DLA was up from 44.6% in June, and Prime WLA was up from 61.6%. Govt MMFs' DLA dipped to 77.5% and Govt WLA increased from 87.9% the previous month. ICI explains, "At the end of July, prime funds had a weighted average maturity (WAM) of 28 days and a weighted average life (WAL) of 46 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 35 days and a WAL of 83 days." Prime WAMs were 2 days shorter and WALs were 2 days shorter from the previous month. Govt WAMs and WALs were 1 day shorter from June. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $559.01 billion in June to $510.21 billion in July. Government money market funds' holdings attributable to the Americas declined from $4,476.77 billion in June to $4,476.07 billion in July." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $510.2 billion, or 48.6%; Asia and Pacific at $194.7 billion, or 18.5%; Europe at $324.6 billion, or 30.9%; and, Other (including Supranational) at $20.4 billion, or 1.9%. The Government Money Market Funds by Region of Issuer table shows Americas at $4.476 trillion, or 88.8%; Asia and Pacific at $145.3 billion, or 2.9%; Europe at $405.5 billion, 8.0%, and Other (Including Supranational) at $12.8 billion, or 0.3%.
