ICI's Money Fund Assets
ICI's latest weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $7.66 billion to $2.620 trillion for the week ended Wednesday, August 7, the Investment Company Institute reported today. Taxable government funds decreased by $7.45 billion, taxable non-government funds increased by $10.85 billion, and tax-exempt funds increased by $4.26 billion." Year-to-date, money fund assets have decreased by $85 billion, or 3.1%, but they have increased by $57 billion since May 1. ICI's release adds, "Assets of retail money market funds increased by $5.29 billion to $924.26 billion. Taxable government money market fund assets in the retail category increased by $1.44 billion to $198.64 billion, taxable non-government money market fund assets increased by $1.16 billion to $530.23 billion, and tax-exempt fund assets increased by $2.68 billion to $195.38 billion.... Assets of institutional money market funds increased by $2.37 billion to $1.696 trillion. Among institutional funds, taxable government money market fund assets decreased by $8.89 billion to $711.51 billion, taxable non-government money market fund assets increased by $9.69 billion to $911.71 billion, and tax-exempt fund assets increased by $1.58 billion to $72.52 billion."
