Money Market Mutual Fund Assets
ICI's latest weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $9.64 billion to $2.840 trillion for the week ended Wednesday, June 2, the Investment Company Institute reported today. Taxable government funds decreased by $600 million, taxable non-government funds decreased by $9.31 billion, and tax-exempt funds increased by $260 million." Yields remained flat in the latest week, according to Crane Data's Money Fund Intelligence Daily. Our Crane 100 Money Fund Index remained at 0.07% (annualized, simple 7-day yield) as of June 2, unchanged from the week prior. Our broader `Crane Money Fund Average also remained unchanged at 0.04%. Also, see the press release, "Bowne Announces Launch of Web-Based Solution for Latest Money Market Disclosure Reforms," which says, "The new amendments include two important changes to existing disclosure requirements: Rule 30b1-7, which requires money market funds to report their portfolio holdings to the SEC using the new Form N-MFP on a monthly basis in XML format beginning December 7, 2010; and, an amendment to rule 2a-7 that requires funds to disclose certain information about their portfolio holdings on their websites on a monthly basis beginning October 7, 2010."
