The Investment Company Insitute's latest "Money Market Mutual Fund Assets" shows money fund assets declining for the second straight week. It says, "Total money market mutual fund assets decreased by $7.04 billion to $2.645 trillion for the week ended Wednesday, March 7, the Investment Company Institute reported today. Taxable government funds decreased by $6.40 billion, taxable non-government funds decreased by $1.96 billion, and tax-exempt funds increased by $1.32 billion." Year-to-date, money fund assets have declined by $50 billion, or 1.8%, while they have declined by $105 billion, or -3.8%. Institutional assets have fallen by $28 billion YTD (-1.6%) and $90 billion (or 5.0%) over 52 weeks, and retail assets have fallen by $21 billion (-2.2%) YTD and just $16 billion (1.7%) YTD. ICI's weekly explains, "Assets of retail money market funds decreased by $2.27 billion to $917.83 billion. Taxable government money market fund assets in the retail category decreased by $1.38 billion to $191.01 billion, taxable non-government money market fund assets decreased by $1.56 billion to $531.91 billion, and tax-exempt fund assets increased by $670 million to $194.92 billion. Assets of institutional money market funds decreased by $4.77 billion to $1.727 trillion. Among institutional funds, taxable government money market fund assets decreased by $5.02 billion to $705.01 billion, taxable non-government money market fund assets decreased by $390 million to $928.13 billion, and tax-exempt fund assets increased by $650 million to $94.29 billion."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September