ICI's latest "Money Market Fund Assets" report shows money funds surging $81.6 billion to a new record of $6.667 trillion in the latest week, after jumping $79.5 billion the previous week. Assets have risen in 12 of the last 15, and 23 of the last 30 weeks, increasing by $363.5 billion (or 5.8%) since the Fed cut on 9/18 and increasing by $689.6 billion (or 11.5%) since April 24. MMF assets are up by $781 billion, or 16.5%, year-to-date in 2024 (through 11/13/24), with Institutional MMFs up $412 billion, or 13.5% and Retail MMFs up $369 billion, or 22.0%. Over the past 52 weeks, money funds have risen by $933 billion, or 16.3%, with Retail MMFs up by $428 billion (19.2%) and Inst MMFs rising by $505 billion (14.4%). ICI's weekly release says, "Total money market fund assets increased by $81.59 billion to $6.67 trillion for the week ended Wednesday, November 13, the Investment Company Institute reported.... Among taxable money market funds, government funds increased by $83.49 billion and prime funds increased by $82 million. Tax-exempt money market funds decreased by $1.99 billion." ICI's stats show Institutional MMFs increasing $79.4 billion and Retail MMFs rising $2.2 billion in the latest week. Total Government MMF assets, including Treasury funds, were $5.467 trillion (82.0% of all money funds), while Total Prime MMFs were $1.065 trillion (16.0%). Tax Exempt MMFs totaled $134.9 billion (2.0%). ICI explains, "Assets of retail money market funds increased by $2.18 billion to $2.66 trillion. Among retail funds, government money market fund assets increased by $3.22 billion to $1.69 trillion, prime money market fund assets increased by $699 million to $843.40 billion, and tax-exempt fund assets decreased by $1.73 billion to $122.92 billion." Retail assets account for over a third of total assets, or 39.9%, and Government Retail assets make up 63.7% of all Retail MMFs. They add, "Assets of institutional money market funds increased by $79.41 billion to $4.01 trillion. Among institutional funds, government money market fund assets increased by $80.28 billion to $3.77 trillion, prime money market fund assets decreased by $616 million to $221.77 billion, and tax-exempt fund assets decreased by $253 million to $11.94 billion." Institutional assets accounted for 60.1% of all MMF assets, with Government Institutional assets making up 94.2% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have risen by $147.3 billion in November through 11/13 to a record $7.010 trillion. Assets rose by $97.5 billion in October, $149.8 billion in September, $109.7 billion in August, $16.6 billion in July, $15.7 billion in June and $91.4 billion in May. They declined by $15.8 billion in April and $68.8 billion in March. They rose $72.1 billion in February, $93.9 billion in January, $32.7 billion in December and $226.4 billion last November. Note that ICI's asset totals don't include a number of funds tracked by the SEC and Crane Data, so they're about $340 billion lower than Crane's asset series.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September