Money Fund Assets Increase
ICI's latest weekly "Money Market Mutual Fund Assets" report shows money market fund assets increasing slightly after six straight weeks of decline. The Institute's release says, "Total money market mutual fund assets increased by $5.77 billion to $2.663 trillion for the week ended Wednesday, February 27, the Investment Company Institute reported today. Taxable government funds decreased by $2.29 billion, taxable non-government funds increased by $9.28 billion, and tax-exempt funds decreased by $1.21 billion." They explain, "Assets of retail money market funds increased by $60 million to $912.38 billion. Taxable government money market fund assets in the retail category decreased by $760 million to $195.81 billion, taxable non-government money market fund assets increased by $1.55 billion to $519.69 billion, and tax-exempt fund assets decreased by $730 million to $196.88 billion.... Assets of institutional money market funds increased by $5.72 billion to $1.750 trillion. Among institutional funds, taxable government money market fund assets decreased by $1.53 billion to $716.55 billion, taxable non-government money market fund assets increased by $7.73 billion to $951.92 billion, and tax-exempt fund assets decreased by $480 million to $82.02 billion."
