ICI's weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $39.70 billion to $3.126 trillion for the week ended Wednesday, March 3. Taxable government funds decreased by $17.94 billion, taxable non-government funds decreased by $21.07 billion, and tax-exempt funds decreased by $690 million." It adds, "Assets of retail money market funds decreased by $6.04 billion to $1.043 trillion.... Assets of institutional money market funds decreased by $33.66 billion to $2.083 trillion. Among institutional funds, taxable government money market fund assets decreased by $16.44 billion to $790.31 billion, taxable non-government money market fund assets decreased by $16.86 billion to $1.141 trillion, and tax-exempt fund assets decreased by $350 million to $151.51 billion." Year-to-date, money fund assets have declined by $167 billion, or 5.1%. Institutional money fund assets have declined by $142 billion, or 6.4%, while retail money fund assets have declined by $24 billion, or 2.3%. Over 52 weeks, money fund assets have declined by $78 billion, or 20%.

Email This Article




Use a comma or a semicolon to separate

captcha image