ICI: MMF Assets Fall to $7.73 Trillion
The Investment Company Institute's latest weekly "Money Market Fund Assets" report shows money fund assets falling by $74.7 billion to $7.729 trillion, after increasing by $70.8 billion the previous week to a record $7.804 trillion. Assets have risen in 14 of the last 17 weeks and 22 of the past 26 weeks. MMF assets are up by $868 billion, or 12.6%, over the past 52 weeks (through 1/14/26), with Institutional MMFs up $545 billion, or 13.3% and Retail MMFs up $323 billion, or 11.7%. Year-to-date, MMF assets are also up by $879 billion, or 12.8%, with Institutional MMFs up $533 billion, or 13.0% and Retail MMFs up $346 billion, or 12.6%. ICI's weekly release says, "Total money market fund assets decreased by $74.74 billion to $7.73 trillion for the week ended Wednesday, January 14, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $72.13 billion and prime funds increased by $1.52 billion. Tax-exempt money market funds decreased by $4.13 billion." ICI's stats show Institutional MMFs decreasing $55.8 billion and Retail MMFs decreasing $19.0 billion in the latest week. Total Government MMF assets, including Treasury funds, were $6.346 trillion (82.1% of all money funds), while Total Prime MMFs were $1.234 trillion (16.0%). Tax Exempt MMFs totaled $149.4 billion (1.9%). It explains, "Assets of retail money market funds decreased by $18.95 billion to $3.08 trillion. Among retail funds, government money market fund assets decreased by $12.65 billion to $1.95 trillion, prime money market fund assets decreased by $1.98 billion to $1.00 trillion, and tax-exempt fund assets decreased by $4.32 billion to $135.18 billion." Retail assets account for 39.9% of the total, and Government Retail assets make up 63.1% of all Retail MMFs. They add, "Assets of institutional money market funds decreased by $55.79 billion to $4.65 trillion. Among institutional funds, government money market fund assets decreased by $59.49 billion to $4.40 trillion, prime money market fund assets increased by $3.51 billion to $233.30 billion, and tax-exempt fund assets increased by $192 million to $14.26 billion." Institutional assets accounted for 60.1% of all MMF assets, with Government Institutional assets making up 94.7% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have decreased by $5.1 billion to $8.104 trillion month-to-date in January (as of 1/14); they hit a record high of $8.165 trillion on 1/6. Assets increased by $126.3 billion in December, $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 last January. 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.
