ICI's Money Fund Holdings Summary
ICI released its latest monthly "Money Market Fund Holdings" summary, 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 April 13 News, "April MF Portfolio Holdings: T-Bills, Repo Skyrocket; Agencies, TDs Dip.") Their MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in March, prime money market funds held 30.8 percent of their portfolios in daily liquid assets and 45.9 percent in weekly liquid assets, while government money market funds held 77.1 percent of their portfolios in daily liquid assets and 87.2 percent in weekly liquid assets." Prime DLA was up from 30.3% in February, and Prime WLA decreased from 46.9%. Govt MMFs' DLA increased from 75.5% in February and Govt WLA increased from 86.1% from the previous month. ICI explains, "At the end of March, prime funds had a weighted average maturity (WAM) of 45 days and a weighted average life (WAL) of 62 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 44 days and a WAL of 93 days." Prime WAMs were down two days from the previous month, WALs were also down two days from the previous month. Govt WAMs were down three days while WALs were down five days from February. Regarding Holdings By Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $198.97 billion in February to $193.85 billion in March. Government money market funds' holdings attributable to the Americas rose from $3,256.90 billion in February to $3,490.51 billion in March." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $193.8 billion, or 38.1%; Asia and Pacific at $93.5 billion, or 18.4%; Europe at $213.6 billion, or 42.0%; and, Other (including Supranational) at $7.5 billion, or 1.5%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.491 trillion, or 88.5%; Asia and Pacific at $133.4 billion, or 3.4%; Europe at $303.1 billion, 7.7%, and Other (Including Supranational) at $18.9 billion, or 0.5%."
