ICI's latest weekly "Money Market Fund Assets" report shows money fund assets increasing in the latest week following two weeks of declines. It explains, "Total money market fund assets increased by $7.92 billion to $3.63 trillion for the week ended Wednesday, February 12, the Investment Company Institute reported today. Among taxable money market funds, government funds increased by $1.06 billion and prime funds increased by $8.20 billion. Tax-exempt money market funds decreased by $1.34 billion." ICI's weekly series shows Institutional MMFs rising $5.9 billion and Retail MMFs increasing $2.0 billion. Total Government MMF assets, including Treasury funds, were $2.684 trillion (74.0% of all money funds), while Total Prime MMFs were $806.1 billion (22.2%). Tax Exempt MMFs totaled $135.4 billion, 3.7%. Money fund assets are now down year-to-date in 2020 (down $7B, or -0.2%), but they've increased in 12 out of the last 17 weeks. Over the past 52 weeks, ICI's money fund asset series has increased by $545 billion, or 17.7%, with Retail MMFs rising by $196 billion (16.4%) and Inst MMFs rising by $349 billion (18.5%). ICI explains, "Assets of retail money market funds increased by $2.04 billion to $1.39 trillion. Among retail funds, government money market fund assets increased by $402 million to $785.26 billion, prime money market fund assets increased by $2.48 billion to $477.56 billion, and tax-exempt fund assets decreased by $845 million to $123.69 billion." Retail assets account for over a third of total assets, or 38.3%, and Government Retail assets make up 56.6% of all Retail MMFs. The release adds, "Assets of institutional money market funds increased by $5.88 billion to $2.24 trillion. Among institutional funds, government money market fund assets increased by $658 million to $1.90 trillion, prime money market fund assets increased by $5.72 billion to $328.50 billion, and tax-exempt fund assets decreased by $493 million to $11.67 billion." Institutional assets accounted for 61.8% of all MMF assets, with Government Institutional assets making up 84.8% of all Institutional MMF totals.

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