ICI: MMF Assets Rebound
The latest weekly "Money Market Fund Assets" report says, "Total money market fund assets increased by $19.66 billion to $2.69 trillion for the week ended Wednesday, January 25, the Investment Company Institute reported.... Among taxable money market funds, government funds increased by $17.77 billion and prime funds increased by $2.24 billion. Tax-exempt money market funds decreased by $350 million." Total Government MMF assets, which include Treasury funds too and which represent 80.8% of all money funds, stand at $2.169 trillion, while Total Prime MMFs, which total 14.3%, stand at $385.2 billion. Tax Exempt MMFs total $130.9 billion, or 4.9%. It explains, "Assets of retail money market funds decreased by $6.71 billion to $978.18 billion. Among retail funds, government money market fund assets decreased by $5.21 billion to $601.23 billion, prime money market fund assets decreased by $910 million to $251.20 billion, and tax-exempt fund assets decreased by $600 million to $125.75 billion." Retail assets account for over a third of total assets, or 36.4%, and Government Retail assets make up 61.5% of all Retail MMFs. The release continues, "Assets of institutional money market funds increased by $26.37 billion to $1.71 trillion. Among institutional funds, government money market fund assets increased by $22.97 billion to $1.57 trillion, prime money market fund assets increased by $3.15 billion to $134.01 billion, and tax-exempt fund assets increased by $250 million to $5.19 billion." Institutional assets account for 63.6% of all MMF assets, with Government Inst assets making up 91.8% of all Institutional MMFs.
