ICI's weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets increased by $52.78 billion to $2.621 trillion for the week ended Wednesday, August 10, the Investment Company Institute reported today." Taxable government funds increased by $38.29 billion, taxable non-government funds increased by $18.19 billion, and tax-exempt funds decreased by $3.71 billion. Assets of retail money market funds increased by $11.74 billion to $942.58 billion. Taxable government money market fund assets in the retail category increased by $6.30 billion to $186.38 billion, taxable non-government money market fund assets increased by $6.90 billion to $559.42 billion, and tax-exempt fund assets decreased by $1.46 billion to $196.78 billion.... Assets of institutional money market funds increased by $41.04 billion to $1.678 trillion. Among institutional funds, taxable government money market fund assets increased by $31.99 billion to $622.90 billion, taxable non-government money market fund assets increased by $11.30 billion to $952.79 billion, and tax-exempt fund assets decreased by $2.25 billion to $102.79 billion." This surge, which recovers much of the outflows associated with the debt ceiling debate, represents the 8th largest weekly increase ever, according to Crane Data's tracking of ICI's data, and the largest weekly increase since Oct. 8, 2008.

Email This Article




Use a comma or a semicolon to separate

captcha image