Money Fund Assets Break Over $2.7 Tril
ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $10.75 billion to $2.704 trillion for the week ended Wednesday, January 11, the Investment Company Institute reported today. Taxable government funds decreased by $2.92 billion, taxable non-government funds increased by $14.83 billion, and tax-exempt funds decreased by $1.16 billion. Assets of retail money market funds decreased by $6.34 billion to $938.93 billion. Taxable government money market fund assets in the retail category decreased by $2.00 billion to $196.49 billion, taxable non-government money market fund assets decreased by $3.87 billion to $544.54 billion, and tax-exempt fund assets decreased by $470 million to $197.90 billion. Assets of institutional money market funds increased by $17.09 billion to $1.765 trillion. Among institutional funds, taxable government money market fund assets decreased by $910 million to $761.22 billion, taxable non-government money market fund assets increased by $18.70 billion to $906.52 billion, and tax-exempt fund assets decreased by $690 million to $97.60 billion." Money fund assets have increased in 9 out of the past 10 weeks, rising by $82 billion, or 3.1%. Institutional money funds have accounted for $79 billion or the gain, rising 4.7% since Nov. 2, 2011.
