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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