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.

Email This Article

Use a comma or a semicolon to separate

captcha image