MMF Assets Retake $2.7 Trillion
ICI's latest weekly "Money Market Mutual Fund Assets" shows totals breaking above $2.7 trillion for the first time since Jan. 9, 2013. The release says, "Total money market mutual fund assets increased by $24.16 billion to $2.702 trillion for the eight-day period ended Wednesday, December 4, the Investment Company Institute reported today. Taxable government funds increased by $12.18 billion, taxable non-government funds increased by $8.80 billion, and tax-exempt funds increased by $3.19 billion.... Assets of retail money market funds increased by $2.25 billion to $919.46 billion. Taxable government money market fund assets in the retail category increased by $370 million to $198.42 billion, taxable non-government money market fund assets increased by $120 million to $528.38 billion, and tax-exempt fund assets increased by $1.76 billion to $192.66 billion.... Assets of institutional money market funds increased by $21.92 billion to $1.783 trillion. Among institutional funds, taxable government money market fund assets increased by $11.81 billion to $742.70 billion, taxable non-government money market fund assets increased by $8.68 billion to $966.33 billion, and tax-exempt fund assets increased by $1.42 billion to $73.67 billion." Money market fund assets are poised to have their second flat (up slightly) year in a row for 2013. YTD, they're up by $37 billion, or 1.4%.
