ICI Money Fund Holdings Summary
ICI also 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. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in October, prime money market funds held 47.0 percent of their portfolios in daily liquid assets and 60.8 percent in weekly liquid assets, while government money market funds held 76.6 percent of their portfolios in daily liquid assets and 87.9 percent in weekly liquid assets." Prime DLA was down from 47.2% in September, and Prime WLA was down from 60.8%. Govt MMFs' DLA rose from 75.9% and Govt WLA increased from 87.0% for the previous month. ICI explains, "At the end of October, prime funds had a weighted average maturity (WAM) of 32 days and a weighted average life (WAL) of 52 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 43 days and a WAL of 94 days. "Prime WAMs and WALs were both 3 days longer from the previous month. Govt WAMs and WALs were both unchanged from the previous month. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $740.43 billion in September to $736.56 billion in October. Government money market funds' holdings attributable to the Americas rose from $5,525.97 billion in September to $5,623.40 billion in October." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $736.6 billion, or 61.5%; Asia and Pacific at $154.6 billion, or 12.9%; Europe at $276.2 billion, or 23.1%; and, Other (including Supranational) at $30.5 billion, or 2.6%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.623 trillion, or 91.7%; Asia and Pacific at $112.5 or 1.8%; Europe at $367.5 billion, 6.0%, and Other (Including Supranational) at $27.2 billion, or 0.4%.
