ICI Money Market Fund Holdings
The Investment Company Institute released its latest monthly "Money Market Fund Holdings" summary (with data as of June 29, 2018) Monday. This monthly update reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. (See also Crane Data's July 12 News, "July Money Fund Portfolio Holdings: Repo Falls, But Fed RRP Rebounds.") The ICI MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in June, prime money market funds held 24.0 percent of their portfolios in daily liquid assets and 42.6 percent in weekly liquid assets, while government money market funds held 59.0% of their portfolios in daily liquid assets and 76.0 percent in weekly liquid assets." Prime DLA decreased from 26.6% in May, and Prime WLA decreased from 43.3% in May. Govt MMFs' DLA decreased from 59.9% in May and Govt WLA increased from 75.6% last month. ICI explains, "At the end of June, prime funds had a weighted average maturity (WAM) of 30 days and a weighted average life (WAL) of 65 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 32 days and a WAL of 88 days." Prime WAMs were up two days from last month, and WALs stayed the same. Govt WAMs were up three days from May and Govt WALs were up by two days from last month. Regarding Holdings By Region of Issuer, ICI's release tells us, "Prime money market funds' holdings attributable to the Americas rose from $188.22 billion in May to $198.80 billion in June. Government money market funds' holdings attributable to the Americas rose from $1,722.18 billion in May to $1,765.20 billion in June." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $198.8 billion, or 42.3%; Asia and Pacific at $98.4 billion, or 20.9%; Europe at $169.4 billion, or 36.0%; and, Other (including Supranational) at $3.6 billion, or 0.8%. The Government Money Market Funds by Region of Issuer table shows Americas at $1.765 trillion, or 80.3%; Asia and Pacific at $117.7 billion, or 5.4%; and Europe at $309.6 billion, or 14.1%.
