Money fund assets increased for the 7th week in a row and have risen by $78.6 billion since Oct. 15. ICI released its latest weekly "Money Market Fund Assets" report, which says, "Total money market fund assets increased by $25.58 billion to $2.69 trillion for the eight-day period ended Wednesday, December 3, the Investment Company Institute reported today. Among taxable money market funds, Treasury funds (including agency and repo) increased by $5.82 billion and prime funds increased by $16.42 billion. Tax-exempt money market funds increased by $3.34 billion. Assets of retail money market funds increased by $3.20 billion to $900.32 billion. Among retail funds, Treasury money market fund assets decreased by $280 million to $198.22 billion, prime money market fund assets increased by $2.01 billion to $516.59 billion, and tax-exempt fund assets increased by $1.47 billion to $185.50 billion. Assets of institutional money market funds increased by $22.38 billion to $1.79 trillion. Among institutional funds, Treasury money market fund assets increased by $6.09 billion to $780.09 billion, prime money market fund assets increased by $14.41 billion to $937.21 billion, and tax-exempt fund assets increased by $1.87 billion to $70.27 billion." year-to-date, money fund assets have decreased by $31 billion, or 1.1%. In other news, KraneShares issued a press release announcing a new Commercial Paper ETF. It says, "KraneShares, a New York based ETF company, and E Fund Management, one of China's largest asset managers, launched the KraneShares E Fund China Commercial Paper ETF (NYSE: KCNY) today. KCNY seeks to deliver yields from investment-grade commercial paper issued in Mainland China by companies headquartered in China. We believe the Fund can be an alternative to U.S. investors' money market fund and/or bank deposit program investments. It is the first commercial paper ETF in the United States."

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