ICI's "Money Market Fund Assets"
ICI's latest "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $2.53 billion to $2.611 trillion for the week ended Wednesday, June 5, the Investment Company Institute reported today. Taxable government funds decreased by $4.10 billion, taxable non-government funds decreased by $1.82 billion, and tax-exempt funds increased by $3.38 billion." After falling for four months in a row, money fund assets increased practically every week in May. Our latest Money Fund Intelligence shows assets rising by $33 billion in May; ICI's weekly prior to this week shows assets rising by $47.6 billion over the past 5 weeks <b:>`_. Year-to-date, ICI's weekly series shows money fund assets still down by $94 billion, or 3.5%. ICI's weekly also says, "Assets of retail money market funds increased by $8.49 billion to $903.67 billion. Taxable government money market fund assets in the retail category increased by $1.05 billion to $194.49 billion, taxable non-government money market fund assets increased by $5.08 billion to $518.97 billion, and tax-exempt fund assets increased by $2.36 billion to $190.22 billion.... Assets of institutional money market funds decreased by $11.02 billion to $1.707 trillion. Among institutional funds, taxable government money market fund assets decreased by $5.15 billion to $712.74 billion, taxable non-government money market fund assets decreased by $6.89 billion to $922.72 billion, and tax-exempt fund assets increased by $1.02 billion to $71.70 billion."
