Money Fund Assets Inch Higher
ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market fund assets increased by $2.68 billion to $2.60 trillion for the week ended Wednesday, June 24, the Investment Company Institute reported today. Among taxable money market funds, Treasury funds (including agency and repo) increased by $3.81 billion and prime funds increased by $1.63 billion. Tax-exempt money market funds decreased by $2.76 billion.... Assets of retail money market funds decreased by $10 million to $866.41 billion. Among retail funds, Treasury money market fund assets increased by $830 million to $192.60 billion, prime money market fund assets increased by $900 million to $496.19 billion, and tax-exempt fund assets decreased by $1.74 billion to $177.62 billion. Assets of institutional money market funds increased by $2.69 billion to $1.74 trillion. Among institutional funds, Treasury money market fund assets increased by $2.98 billion to $767.52 billion, prime money market fund assets increased by $730 million to $901.78 billion, and tax-exempt fund assets decreased by $1.01 billion to $65.87 billion."
