MMF Assets Rise $9.7 Billion
The latest weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $9.69 billion to $2.696 trillion for the week ended Wednesday, July 13, the Investment Company Institute reported today. Taxable government funds increased by $14.69 billion, taxable non-government funds decreased by $810 million, and tax-exempt funds decreased by $4.19 billion." ICI's weekly adds, "Assets of retail money market funds decreased by $5.12 billion to $915.43 billion. Taxable government money market fund assets in the retail category decreased by $220 million to $177.08 billion, taxable non-government money market fund assets decreased by $3.11 billion to $541.73 billion, and tax-exempt fund assets decreased by $1.79 billion to $196.62 billion.... Assets of institutional money market funds increased by $14.80 billion to $1.781 trillion. Among institutional funds, taxable government money market fund assets increased by $14.91 billion to $657.67 billion, taxable non-government money market fund assets increased by $2.29 billion to $1.017 trillion, and tax-exempt fund assets decreased by $2.40 billion to $106.22 billion." Crane Data's Money Fund Intelligence Daily shows total money fund assets have risen by $16.4 billion in July month-to-date (through 7/14) vs. a decline of $43.9 billion in June. Prime money funds, which rose by $2.6 billion yesterday, have been flat in July following a drop of $81.7 billion in June.
