ICI: Money Fund Assets Rise
The ICI's latest weekly "Money Market Mutual Fund Assets " report says, "Total money market mutual fund assets increased by $5.84 billion to $2.568 trillion for the week ended Wednesday, October 17, the Investment Company Institute reported today. Taxable government funds decreased by $1.49 billion, taxable non-government funds increased by $8.53 billion, and tax-exempt funds decreased by $1.20 billion. Assets of retail money market funds decreased by $940 million to $886.05 billion. Taxable government money market fund assets in the retail category increased by $600 million to $186.71 billion, taxable non-government money market fund assets decreased by $360 million to $511.67 billion, and tax-exempt fund assets decreased by $1.17 billion to $187.67 billion.... Assets of institutional money market funds increased by $6.78 billion to $1.682 trillion. Among institutional funds, taxable government money market fund assets decreased by $2.08 billion to $668.39 billion, taxable non-government money market fund assets increased by $8.89 billion to $933.10 billion, and tax-exempt fund assets decreased by $30 million to $80.75 billion." Year-to-date in 2012, money fund assets have decreased by $127 billion, or 4.7%. Institutional assets have declined by $74 billion, or 4.2%, while Retail assets have fallen by $53 billion, or 5.6%. Since mid-year (the week ended June 27), money fund assets have gained $30 billion, or 1.2%, with $28 billion of the increase coming from Institutional money funds.
