ICI's "Money Market Fund Assets"
Money fund assets declined slightly after rising for 7 weeks in a row. ICI's new "Money Market Fund Assets" says, "Total money market fund assets decreased by $3.88 billion to $2.73 trillion for the week ended Wednesday, December 14, the Investment Company Institute reported today. Among taxable money market funds, government funds2 decreased by $2.42 billion and prime funds decreased by $1.46 billion. Tax-exempt money market funds were unchanged." It continues, "Assets of retail money market funds increased by $3.08 billion to $979.56 billion. Among retail funds, government money market fund assets increased by $2.37 billion to $600.78 billion, prime money market fund assets increased by $720 million to $252.59 billion, and tax-exempt fund assets were unchanged at $126.18 billion.... Assets of institutional money market funds decreased by $6.96 billion to $1.75 trillion. Among institutional funds, government money market fund assets decreased by $4.78 billion to $1.63 trillion, prime money market fund assets decreased by $2.17 billion to $122.49 billion, and tax-exempt fund assets were unchanged at $4.58 billion." Total money fund assets are down year-to-date by just $26.0 billion, or 1.0%.
