Money market mutual fund assets fell below the $3.0 trillion level for the first time since October 31, 2007. The Investment Company Institute, whose weekly survey is the broadest measure of money fund assets, reports that "assets decreased by $30.37 billion to $2.983 trillion for the week ended Wednesday, March 31. Assets fell for the fifth week in a row and have fallen in 11 out of the 13 weeks in 2010.

Year-to-date, money fund assets have declined by $311 billion, or 9.4%. Institutional money fund assets, which now total $1.967 trillion (66.0% of all MMF assets) have fallen by $258 billion, or 11.6%, YTD. Retail money fund assets, which total $1.015 trillion, have fallen by $53 billion, or 4.9%. Over the past 52 weeks, money fund assets have dropped by $851 billion, or 21.8%. Institutional assets have declined by $526 billion, or 20.7%, while retail assets have declined by $325 billion, or 23.8%.

Money fund assets have decline by almost $1 trillion from their record high of $3.922 trillion, set on January 14, 2009, but they remain over $1 trillion higher than they were in mid-November 2005. ICI's weekly "Money Market Mutual Fund Assets" says, "Taxable government funds decreased by $1.60 billion [to $897 billion], taxable non-government funds decreased by $25.88 billion [to $1.721 trillion], and tax-exempt funds decreased by $2.89 billion [to $364 billion]."

The report adds, "Assets of retail money market funds decreased by $8.11 billion to $1.015 trillion. Taxable government money market fund assets in the retail category decreased by $1.61 billion to $157.44 billion, taxable non-government money market fund assets decreased by $4.44 billion to $637.12 billion, and tax-exempt fund assets decreased by $2.06 billion to $220.50 billion. Assets of institutional money market funds decreased by $22.26 billion to $1.967 trillion. Among institutional funds, taxable government money market fund assets increased by $10 million to $739.68 billion, taxable non-government money market fund assets decreased by $21.44 billion to $1.084 trillion, and tax-exempt fund assets decreased by $830 million to $143.59 billion."

Email This Article




Use a comma or a semicolon to separate

captcha image

Money Market News 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