ICI MF Port Holdings Summary
ICI released its latest monthly "Money Market Fund Holdings" summary recently, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in July, prime money market funds held 45.8 percent of their portfolios in daily liquid assets and 61.3 percent in weekly liquid assets, while government money market funds held 75.1 percent of their portfolios in daily liquid assets and 86.5 percent in weekly liquid assets." Prime DLA was the same at 45.8% in June, and Prime WLA was up from 61.2%. Govt MMFs' DLA lowered from 75.2% and Govt WLA was the same at 86.5% for the previous month. ICI explains, "At the end of July, prime funds had a weighted average maturity (WAM) of 29 days and a weighted average life (WAL) of 50 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 41 days and a WAL of 95 days." Prime WAMs and WALs were 4 and 2 days longer from the previous month. Govt WAMs and WALs were both 2 days longer. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas lowered from $674.00 billion in June to $634.93 billion in July. Government money market funds' holdings attributable to the Americas declined from $5,308.11 billion in June to $5,241.18 billion in July." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $635 billion, or 54.3%; Asia and Pacific at $186 billion, or 15.9%; Europe at $319.8 billion, or 27.4%; and, Other (including Supranational) at $28.3 billion, or 2.4%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.241 trillion, or 90.5%; Asia and Pacific at $143.3 or 2.5%; Europe at $392.2 billion, 6.8%, and Other (Including Supranational) at $11.5 billion, or 0.2%.
