ICI: Money Market Fund Assets Higher
ICI's latest weekly "Money Market Fund Assets" report shows money fund assets rising $9.2 billion to a near-record $7.055 trillion, after falling $7.3 billion the week prior (and $5.9 billion the week before this). Assets rose $55.6 billion to a record $7.078 trillion three weeks ago. MMF assets are up by $930 billion, or 15.1%, over the past 52 weeks (through 7/23/25), with Institutional MMFs up $499 billion, or 13.6% and Retail MMFs up $430 billion, or 17.3%. Year-to-date, MMF assets are up by $224 billion, or 3.3%, with Institutional MMFs up $46 billion, or 1.1% and Retail MMFs up $179 billion, or 6.5%. ICI's weekly release says, "Total money market fund assets increased by $9.18 billion to $7.07 trillion for the week ended Wednesday, July 23, the Investment Company Institute reported.... Among taxable money market funds, government funds increased by $6.11 billion and prime funds increased by $3.97 billion. Tax-exempt money market funds decreased by $903 million." ICI's stats show Institutional MMFs increasing $10.4 billion and Retail MMFs decreasing $1.3 billion in the latest week. Total Government MMF assets, including Treasury funds, were $5.757 trillion (81.4% of all money funds), while Total Prime MMFs were $1.182 trillion (16.7%). Tax Exempt MMFs totaled $135.9 billion (1.9%). It explains, "Assets of retail money market funds decreased by $1.26 billion to $2.91 trillion. Among retail funds, government money market fund assets decreased by $2.09 billion to $1.83 trillion, prime money market fund assets increased by $1.51 billion to $958.39 billion, and tax-exempt fund assets decreased by $682 million to $123.26 billion." Retail assets account for 41.2% of the total, and Government Retail assets make up 62.9% of all Retail MMFs. They add, "Assets of institutional money market funds increased by $10.44 billion to $4.16 trillion. Among institutional funds, government money market fund assets increased by $8.21 billion to $3.92 trillion, prime money market fund assets increased by $2.46 billion to $223.68 billion, and tax-exempt fund assets decreased by $221 million to $12.59 billion." Institutional assets accounted for 58.8% of all MMF assets, with Government Institutional assets making up 94.3% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have increased by $42.8 billion in July (through 7/23/25) to $7.449 trillion. Assets hit a record high of $7.463 trillion on July 1 but have since inched lower. Assets increased by $6.7 billion in June and jumped by $100.9 billion in May. They fell by $24.4 billion in April, but rose $2.8 trillion in March, $94.2 billion in February and $52.8 billion in January. They jumped $110.9 billion in December, $200.5 trillion in November, $97.5 billion in October, $149.8 billion in September and $109.7 billion in August. Note that ICI's asset totals don't include a number of funds tracked by the SEC and Crane Data, so they're over $330 billion lower than Crane's asset series.
