Money Market Mutual Fund Sales Transactions Break $15 Trillion in 2006. While
net new cash flow to money market mutual funds was a 2nd-highest-ever $247.0 billion in 2006, an even more impressive number is the
number of new sales and regular redemptions, both of which total over $15 trillion (with a 't'). The
ICI Fact Book's Table 36 shows sales ($
15.
832 trillion) and redemptions ($
15.
621 trillion) hitting record highs in 2006, both about 25% higher than the prior year, and more than 3 times their level of a decade ago.
In other words, the "velocity" of money fund assets has increased sharply, with more and more customers performing more and more transactions in these accounts.