Crane Data Subscribers
Money Fund Assets Decline For a 2nd Week on Tax-Related Outflows. The Investment Company Institute said money market mutual fund assets decreased by $6.3 billion to $2.435 trillion in the week ended April 25. Institutional money funds increased by $2.5 billion to $1.434 trillion, while retail money funds decreased by $8.8 billion to $1.001 trillion. Tax-related outflows have caused money funds to decline by $31.1 billion over the past two weeks. Separately, ICI reports that money fund assets increased by $35.2 billion for the month of March and by $81.4 billion, or 3.5%, in the first quarter of 2007.
