ICI: Assets Soar to Record $7.654 Tril.
The Investment Company Institute's latest weekly "Money Market Fund Assets" report shows money fund assets jumping by $86.8 billion to $7.654 trillion after increasing by $45.5 billion to $7.567 trillion last week (the previous record high). Assets have risen in 9 of the last 11 weeks, and 17 of the past 20 weeks. MMF assets are up by $883 billion, or 13.0%, over the past 52 weeks (through 12/3/25), with Institutional MMFs up $525 billion, or 12.9% and Retail MMFs up $358 billion, or 13.3%. Year-to-date, MMF assets are up by $804 billion, or 11.7%, with Institutional MMFs up $487 billion, or 11.8% and Retail MMFs up $316 billion, or 11.6%. ICI's weekly release says, "Total money market fund assets increased by $86.82 billion to $7.65 trillion for the eight-day period ended Wednesday, December 3.... Among taxable money market funds, government funds increased by $81.79 billion and prime funds increased by $2.78 billion. Tax-exempt money market funds increased by $2.25 billion." ICI's stats show Institutional MMFs increasing $69.7 billion and Retail MMFs increasing $17.1 billion in the latest week. Total Government MMF assets, including Treasury funds, were $6.289 trillion (82.2% of all money funds), while Total Prime MMFs were $1.218 trillion (15.9%). Tax Exempt MMFs totaled $146.8 billion (1.9%). It explains, "Assets of retail money market funds increased by $17.12 billion to $3.05 trillion. Among retail funds, government money market fund assets increased by $12.10 billion to $1.92 trillion, prime money market fund assets increased by $3.61 billion to $995.31 billion, and tax-exempt fund assets increased by $1.41 billion to $133.90 billion." Retail assets account for 39.9% of the total, and Government Retail assets make up 63.0% of all Retail MMFs. They add, "Assets of institutional money market funds increased by $69.70 billion to $4.60 trillion. Among institutional funds, government money market fund assets increased by $69.69 billion to $4.37 trillion, prime money market fund assets decreased by $828 million to $222.48 billion, and tax-exempt fund assets increased by $834 million to $12.89 billion." Institutional assets accounted for 60.1% of all MMF assets, with Government Institutional assets making up 94.9% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have increased by $63.4 billion to a record $8.046 trillion month-to-date in December (as of 12/3). Assets increased by $132.8 billion in November, $142.1 billion in October, $105.2 billion in September and $132.0 billion in August. They rose $63.7 billion in July, $6.7 billion in June and $100.9 billion in May. MMFs fell by $24.4 billion in April, but rose $2.8 trillion in March, $94.2 billion in February and $52.8 billion in January. They jumped $110.9 billion last December. 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 Crane's asset series.
