​ Surprise Huge Fed Cut Pushes Money Fund Asset Totals to $​3.​3 Trillion. The Investment Company Institute'​s weekly money fund asset totals show a sharp increase of $​64.​4 billion to a record $​3.​252 trillion. Institutional money funds led the surge with an increase of $​52.​33 billion to a record $​2.​055 trillion, while Retail money funds also jumped by $​12.​09 billion to a record $​1.​196 trillion. The bulk of the increase occurred in general purpose funds; tax-​exempt funds saw modest outflows. Over 52 weeks, money fund assets have increased by an unbelievable $​861 billion, or 36%. Crane Data expects money market mutual fund assets to record their largest single-​week inflow in history in the coming week as institutions "​ride the lag", seeking to delay the impact of sharply lower short-​term interest rates. Yesterday, funds experienced a single-​day record increase of $​29.​2 billion according to our new Money Fund Intelligence Daily. Yields should continue moving sharply lower. Our Crane 100 Money Fund Index fell 5 basis points yesterday to 4.​14% and has fallen 23 basis points over the past week.

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive