Money fund assets increased for the 8th week in a row and broke back above the $2.7 trillion level for the first time since February. The Investment Company Institute released its latest weekly "Money Market Fund Assets" report, which says, "Total money market fund assets increased by $18.47 billion to $2.71 trillion for the week ended Wednesday, December 10.... Among taxable money market funds, Treasury funds (including agency and repo) increased by $8.49 billion and prime funds increased by $9.38 billion. Tax-exempt money market funds increased by $600 million. Assets of retail money market funds decreased by $2.65 billion to $897.67 billion. Among retail funds, Treasury money market fund assets decreased by $1.74 billion to $196.48 billion, prime money market fund assets decreased by $1.41 billion to $515.19 billion, and tax-exempt fund assets increased by $500 million to $186.00 billion. Assets of institutional money market funds increased by $21.12 billion to $1.81 trillion. Among institutional funds, Treasury money market fund assets increased by $10.24 billion to $790.32 billion, prime money market fund assets increased by $10.78 billion to $947.99 billion, and tax-exempt fund assets increased by $100 million to $70.37 billion." Since September 24, MMF assets have climbed $120 billion, and since July 23, when the SEC passed its Money Fund Reforms, assets have climbed $141 billion. Year-to-date, money fund assets have decreased by a mere $12 billion, or 0.5%, making 2014 the third year in a row that assets have been virtually flat.

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