​ Money Fund Assets Decline Slightly Due to Corp Taxes, Holidays, Concerns. The latest weekly statistics from the Investment Company Institute show money fund assets declining by $​4.​5 billion to $​3.​116 trillion. Institutional funds saw outflows of $​10.​2 billion to total $​1.​969 trillion, while retail funds saw inflows of $​5.​8 billion to a record $​1.​147 trillion. Friday'​s quarterly corporate tax payment and tight Fed funds rate was likely responsible for the institutional decline, though big money continues to show a recent preference for government and treasury funds over general purpose "​prime" funds. Prime institutional funds showed large outflows this week, but general purpose retail funds showed inflows. We expect to see assets decline ahead of year-​end due to Holiday spending, but expect strong inflows to resume in January, is seasonally the strongest month for money fund assets. Year-​to-​date, money fund assets have risen by a record $​734.​5 billio, or 30.​8%.

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