The ICI's latest weekly "Money Market Fund Assets" report shows MMFs plunging in the latest week, marking their `2nd decrease in a row. Money fund assets are still up $157 billion, or 3.7%, year-to-date in 2021 though. Inst MMFs are up $205 billion (7.4%), while Retail MMFs are down $48 billion (-3.1%). Over the past 52 weeks, money fund assets have decreased by $68 billion, or -1.5%, with Retail MMFs falling by $65 billion (-4.2%) and Inst MMFs falling by $3 billion (-0.1%). ICI's "Assets" release says, "Total money market fund assets decreased by $30.04 billion to $4.45 trillion for the week ended Wednesday, April 14.... Among taxable money market funds, government funds decreased by $20.15 billion and prime funds decreased by $8.48 billion. Tax-exempt money market funds decreased by $1.42 billion." ICI's stats show Institutional MMFs decreasing $20.9 billion and Retail MMFs decreasing $9.2 billion. Total Government MMF assets, including Treasury funds, were $3.853 trillion (86.5% of all money funds), while Total Prime MMFs were $503.7 billion (11.3%). Tax Exempt MMFs totaled $98.0 billion (2.2%). (Note that ICI's asset totals don't include a number of funds tracked by the SEC and Crane Data, so they're almost $400 billion lower than our asset series.) It explains, "Assets of retail money market funds decreased by $9.19 billion to $1.48 trillion. Among retail funds, government money market fund assets decreased by $6.02 billion to $1.14 trillion, prime money market fund assets decreased by $2.17 billion to $248.00 billion, and tax-exempt fund assets decreased by $1.00 billion to $87.07 billion." Retail assets account for just over a third of total assets, or 33.2%, and Government Retail assets make up 77.3% of all Retail MMFs. ICI adds, "Assets of institutional money market funds decreased by $20.86 billion to $2.98 trillion. Among institutional funds, government money market fund assets decreased by $14.14 billion to $2.71 trillion, prime money market fund assets decreased by $6.31 billion to $255.69 billion, and tax-exempt fund assets decreased by $416 million to $10.95 billion." Institutional assets accounted for 66.8% of all MMF assets, with Government Institutional assets making up 91.0% of all Institutional MMF totals.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September