ICI: Money Fund Assets Flat
ICI's latest "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $1.38 billion to $2.562 trillion for the week ended Wednesday, October 10, the Investment Company Institute reported today. Taxable government funds decreased by $3.89 billion, taxable non-government funds increased by $4.64 billion, and tax-exempt funds decreased by $2.13 billion." In other news, both BlackRock and Federated Investors recently announced dates for their 3rd quarter earnings calls. BlackRock's release says, "BlackRock, Inc. ... announced that it will report third quarter 2012 earnings prior to the opening of the New York Stock Exchange on Wednesday, October 17, 2012. Chairman and Chief Executive Officer, Laurence D. Fink, and Chief Financial Officer, Ann Marie Petach, will host a teleconference call for investors and analysts at 9:00 a.m. ET." Federated's release says, "Federated Investors, Inc., one of the nation’s largest investment managers, will report financial and operating results for the quarter ended Sept. 30, 2012 after the market closes on Thursday, Oct. 25, 2012. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, Oct. 26, 2012. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call."
