ICI: MMF Assets Rebound
The Investment Company Institute's latest "Money Market Mutual Fund Assets" totals rose for the first time in 5 weeks. ICI says, "Total money market mutual fund assets increased by $19.54 billion to $2.583 trillion for the week ended Wednesday, May 8, the Investment Company Institute reported today. Taxable government funds increased by $15.85 billion, taxable non-government funds increased by $3.36 billion, and tax-exempt funds increased by $330 million.... Assets of retail money market funds increased by $3.28 billion to $893.73 billion. Taxable government money market fund assets in the retail category increased by $1.59 billion to $193.16 billion, taxable non-government money market fund assets increased by $770 million to $512.95 billion, and tax-exempt fund assets increased by $910 million to $187.63 billion.... Assets of institutional money market funds increased by $16.27 billion to $1.689 trillion. Among institutional funds, taxable government money market fund assets increased by $14.26 billion to $701.69 billion, taxable non-government money market fund assets increased by $2.59 billion to $914.81 billion, and tax-exempt fund assets decreased by $580 million to $72.55 billion. ICI reports money market fund assets to the Federal Reserve each week. Revisions are due to data adjustments, reclassifications, and changes in the number of funds reporting. Weekly money market assets for the last 20 weeks are available on the ICI website."
