ICI's latest "Money Market Fund Assets" report shows money fund assets flat in the latest week. The release says, "Total money market fund assets increased by $540 million to $2.74 trillion for the week ended Wednesday, January 20, the Investment Company Institute reported today. Among taxable money market funds, government funds increased by $2.33 billion and prime funds decreased by $900 million. Tax-exempt money market funds decreased by $890 million." It explains, "Assets of retail money market funds increased by $2.28 billion to $1.02 trillion. Among retail funds, government money market fund assets increased by $4.09 billion to $360.32 billion, prime money market fund assets decreased by $370 million to $469.07 billion, and tax-exempt fund assets decreased by $1.43 billion to $186.64 billion.... Assets of institutional money market funds decreased by $1.74 billion to $1.73 trillion. Among institutional funds, government money market fund assets decreased by $1.76 billion to $874.45 billion, prime money market fund assets decreased by $530 million to $784.01 billion, and tax-exempt fund assets increased by $540 million to $68.62 billion." In other news, a press release entitled, "STCM Named Best Electronic Trading Portal for MMFs," says, "FIS' SGN Short-Term Cash Management (STCM) portal has been recognized by Treasury Management International (TMI) in the publication's annual awards. The STCM portal was awarded Best Electronic Trading Portal for MMFs and was announced in December by TMI.... "Winning this award category proves FIS' commitment to helping cash managers gain a competitive advantage by delivering effective tools that help increase operational efficiencies, reduce costs and help mitigate trade and credit risk," commented Bob Santella, president of FIS' global trading business."
