Money market mutual fund assets increased for an unprecedented 11th straight week, gaining $22.64 billion to a record $3.451 trillion, according to the Investment Company Institute. Retail money funds gained $3.66 billion to a record $1.240 trillion while Institutional money funds gained $18.98 billion to a record $2.210 trillion.

Money fund assets have increased by $304 billion, or 9.7%, year-to-date, and they haven't decreased since Dec. 19's modest $3.6 billion outflow. Since August 1, money funds show just three weeks with declines -- including a $24 billion month-end outflow 10/31 and an 8/29 month-end $14.4 billion outflow. Money funds have averaged $27.1 billion a week in inflows over this 32-week period, gaining a record-shattering $866.5 billion, or 33.2%. Over the past 52 weeks, money funds have increased by a spectacular $1.018 trillion, or 41.9%.

Both general purpose, or "prime", money fund assets and tax exempt assets rebounded following two weeks of outflows. Prime institutional funds increased $7.8 billion in the week and have increased by $125 billion YTD. Prime retail funds inched up $803 million and have increased by $47 billion YTD. Government retail funds have increased by $23 billion YTD and government institutional funds have increased by $102 billion YTD. Tax exempt money funds grew by $2.6 billion (institutional) and $2.4 billion (retail) in the latest week, and assets have increased by $6.9 billion YTD.

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