Crane Data Subscribers
Money Fund Assets Fall on May Month-End; Decline $6.2 Billion for April. ICI's latest weekly statistics show money market mutual fund assets declining by $8.7 billion to $2.489 trillion for the week ended May 30. Fund assets almost always temporarily decline at month-end due to "window-dressing" and demand for cash from payrolls and such. Retail funds increased by $1.5 billion, but Institutional funds decreased by $10.2 billion. Year-to-date, money funds have increased by $107.3 billion, or 4.5%. For April, money fund assets declined by a light-for-tax-season $6.2 billion, according to ICI's monthly asset series.
