​ Corporations and Nonprofits Increased Money Mkt Fund Holdings in 2006. This week, we'​ve been recommending ICI'​s new "​2007 Investment Company Fact Book" as a wealth of statistical information. Table 47 (​p. 139) caught our eye, "Assets of Institutional Investors in Taxable Money Market Funds". It shows Business Corporations increasing their money fund holdings by 18.​7% in 2006, from $​331 to $​393 billion. ICI also has a table showing that businesses increased their short-​term assets allocation to money funds to 27% from 22% last year. (​The all-​time high was 28% in 2002; businesses have likely broken above that so far in '​07.) Nonprofits showed the biggest percentage gain, increasing their money fund holdings 22% to almost $​44 billion in 2006; Financial Institutions increased their holdings just 7% to $​199 billion.

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