ICI's weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $2.27 billion to $3.370 trillion for the week ended Wednesday, October 28, the Investment Company Institute reported today. Taxable government funds increased by $1.94 billion, taxable non-government funds decreased by $1.28 billion, and tax-exempt funds decreased by $2.93 billion. Assets of retail money market funds decreased by $7.40 billion to $1.096 trillion.... Assets of institutional money market funds increased by $5.13 billion to $2.274 trillion." Year-to-date, money fund assets have declined by $491 billion, or 12.8%. Retail funds have declined by 19.0% YTD while Institutional funds have declined by 9.8%.

Email This Article

Use a comma or a semicolon to separate

captcha image