ICI's Latest "Money Market Mutual Fund Assets report says, "Total money market mutual fund assets decreased by $16.66 billion to $3.774 trillion for the week ended Wednesday, May 20.... Taxable government funds decreased by $18.45 billion, taxable non-government funds increased by $1.53 billion, and tax-exempt funds increased by $260 million." This represents the eighth week out of 10 that money fund assets have fallen, declining $132.9 billion, or 3.4%, since March 11, 2009. Year-to-date, money fund assets have declined by $56.5 billion, or 1.5%. Over 52 weeks, money fund assets have increased by $240 billion, or 6.8%. The ICI report adds, "Assets of retail money market funds decreased by $2.03 billion to $1.276 trillion. Taxable government money market fund assets in the retail category decreased by $1.42 billion to $220.64 billion, taxable non-government money market fund assets decreased by $1.02 billion to $780.02 billion, and tax-exempt fund assets increased by $400 million to $274.86 billion. Assets of institutional money market funds decreased by $14.62 billion to $2.498 trillion. Among institutional funds, taxable government money market fund assets decreased by $17.03 billion to $1.093 trillion, taxable non-government money market fund assets increased by $2.54 billion to $1.215 trillion, and tax-exempt fund assets decreased by $140 million to $190.26 billion." On another subject, join us in Providence for a free demo sessions of online money market trading portals and a free training workshop on Crane Data's new Money Fund Wisdom database software following Crane's Money Fund Symposium on August 25, 2009. Visit https://www.kinsleymeetings.com/Crane/agenda.htm or contact us for the more details.
