Money Fund Assets Flat
ICI's most recent "Money Market Mutual Fund Assets" report shows money fund assets inched lower for the second week in a row following two weeks of inching higher. Following a plunge and rebound around the debt ceiling scare, assets have been virtually flat the past 4 weeks. It says, "Total money market mutual fund assets decreased by $3.15 billion to $2.669 trillion for the week ended Wednesday, November 13, the Investment Company Institute reported today. Taxable government funds decreased by $680 million, taxable non-government funds decreased by $860 million, and tax-exempt funds decreased by $1.61 billion.... Assets of retail money market funds decreased by $2.78 billion to $917.42 billion. Taxable government money market fund assets in the retail category decreased by $50 million to $196.48 billion, taxable non-government money market fund assets decreased by $2.17 billion to $527.76 billion, and tax-exempt fund assets decreased by $550 million to $193.18 billion.... Assets of institutional money market funds decreased by $370 million to $1.751 trillion. Among institutional funds, taxable government money market fund assets decreased by $630 million to $731.90 billion, taxable non-government money market fund assets increased by $1.31 billion to $949.10 billion, and tax-exempt fund assets decreased by $1.06 billion to $70.08 billion." Year-to-date, money fund assets are flat too, down by a mere $2 billion, or -0.1%. Institutional assets are up by $10 billion (0.5%) while Retail assets are down by $12 billion (1.2%).
