ICI's Money Market Fund Holdings
ICI released its monthly "Money Market Fund Holdings" summary earlier this week, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. (For more, see our Feb. 12 News, "Feb. MF Portfolio Holdings: Repo, TDs, CDs Jump; Treas, Agencies Fall.) The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in January, prime money market funds held 26.9 percent of their portfolios in daily liquid assets and 41.1 percent in weekly liquid assets, while government money market funds held 61.6 percent of their portfolios in daily liquid assets and 78.8 percent in weekly liquid assets." Prime DLA increased from 25.5% in December, and Prime WLA was unchanged from 40.9%. Govt MMFs' DLA increased from 59.3% in December and Govt WLA increased from 76.6% from the previous month. ICI explains, "At the end of January, prime funds had a weighted average maturity (WAM) of 33 days and a weighted average life (WAL) of 72 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 33 days and a WAL of 94 days." Prime WAMs decreased by two days and WALs decreased by one day from the previous month. Govt WAMs decreased by five days while WALs decreased by three from the previous month. Regarding Holdings By Region of Issuer, ICI's release tells us, "Prime money market funds' holdings attributable to the Americas declined from $372.93 billion in December to $332.60 billion in January. Government money market funds' holdings attributable to the Americas declined from $2,350.29 billion in December to $2,198.77 billion in January." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $332.6 billion, or 42.0%; Asia and Pacific at $161.7 billion, or 20.4%; Europe at $288.8 billion, or 36.5%; and, Other (including Supranational) at $8.1 billion, or 1.0%. The Government Money Market Funds by Region of Issuer table shows Americas at $2.199 trillion, or 81.3%; Asia and Pacific at $148.0 billion, or 5.5%; Europe at $342.1 billion, or 12.7%, and Other (Including Supranational) at $14.6 billion, or 0.5%."
