The ICI's latest weekly "Money Market Fund Assets" show that money fund assets skyrocketed in the latest week. It explains, "Total money market fund assets increased by $93.95 billion to $3.78 trillion for the week ended Wednesday, March 11, the Investment Company Institute reported today. Among taxable money market funds, government funds increased by $94.33 billion and prime funds decreased by $547 million. Tax-exempt money market funds increased by $164 million." ICI's weekly series shows Institutional MMFs rising $86.0 billion and Retail MMFs increasing $8.0 billion. Total Government MMF assets, including Treasury funds, were $2.845 trillion (75.3% of all money funds), while Total Prime MMFs were $798.1 billion (21.1%). Tax Exempt MMFs totaled $134.5 billion, 3.6%. Money fund assets are up $145 billion, or 4.0%, year-to-date in 2020, and they've increased in 14 out of the last 18 weeks. Over the past 52 weeks, ICI's money fund asset series has increased by $665 billion, or 21.4%, with Retail MMFs rising by $228 billion (19.0%) and Inst MMFs rising by $437 billion (22.9%). ICI explains, "Assets of retail money market funds increased by $7.99 billion to $1.43 trillion. Among retail funds, government money market fund assets increased by $9.69 billion to $833.47 billion, prime money market fund assets decreased by $1.86 billion to $477.31 billion, and tax-exempt fund assets increased by $153 million to $121.62 billion." Retail assets account for over a third of total assets, or 37.9%, and Government Retail assets make up 58.2% of all Retail MMFs. The release adds, "Assets of institutional money market funds increased by $85.96 billion to $2.34 trillion. Among institutional funds, government money market fund assets increased by $84.64 billion to $2.01 trillion, prime money market fund assets increased by $1.31 billion to $320.78 billion, and tax-exempt fund assets increased by $11 million to $12.88 billion." Institutional assets accounted for 62.1% of all MMF assets, with Government Institutional assets making up 85.8% of all Institutional MMF totals.

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