ICI's Latest MMF Holdings
The Investment Company Institute released its latest monthly "Money Market Fund Holdings" summary (with data as of March 31, 2017) yesterday. This release reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in March, prime money market funds held 29.4 percent of their portfolios in daily liquid assets and 44.3 percent in weekly liquid assets, while government money market funds held 61.2 percent of their portfolios in daily liquid assets and 74.6 percent in weekly liquid assets." Prime DLA rose from 24.2% last month and Prime WLA rose as well from 43.7% last month. It explains, "At the end of March, prime funds had a weighted average maturity (WAM) of 30 days and a weighted average life (WAL) of 67 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 39 days and a WAL of 91 days." Prime WAMs were down three days from the prior month, and WALs were were unchanged. Govt WAMs decreased by 2 days and WALs decreased by 3 days as well. Regarding Holdings By Region of Issuer, ICI adds, "Prime money market funds' holdings attributable to the Americas rose from $165.11 billion in February to $172.80 billion in March. Government money market funds' holdings attributable to the Americas rose from $1,796.33 billion in February to $1,863.92 billion in March." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $172.8 billion, or 43.6%; Asia and Pacific at $82.7 billion, or 20.9%; Europe at $136.4 billion, or 34.4%; and, Other (including Supranational) at $4.0 billion, or 1.0%. The Government Money Market Funds by Region of Issuer table shows Americas at $1.863 trillion, or 87.7%; Asia and Pacific at $80.3 billion, or 3.8%; and Europe at $179.5 billion, or 8.5%.
