Money Fund Assets Up Again
ICI's latest "Money Market Mutual Fund Assets" shows MMF assets increasing for the third week in a row, a $46.6 billion gain since Nov. 20. The release says, "Total money market mutual fund assets increased by $7.45 billion to $2.710 trillion for week ending Wednesday, December 11, the Investment Company Institute reported today. Taxable government funds decreased by $1.40 billion, taxable non-government funds increased by $8.29 billion, and tax-exempt funds increased by $560 million.... Assets of retail money market funds increased by $2.17 billion to $921.66 billion. Taxable government money market fund assets in the retail category increased by $560 million to $198.98 billion, taxable non-government money market fund assets increased by $1.51 billion to $529.92 billion, and tax-exempt fund assets increased by $100 million to $192.76 billion.... Assets of institutional money market funds increased by $5.28 billion to $1.788 trillion. Among institutional funds, taxable government money market fund assets decreased by $1.95 billion to $740.75 billion, taxable non-government money market fund assets increased by $6.79 billion to $973.11 billion, and tax-exempt fund assets increased by $450 million to $74.12 billion." Year-to-date, money fund assets have increased by $45 billion, or 1.7%. Retail assets are down YTD by $8 billion while Institutional assets are up by $52 billion.
