ICI's Weekly MMMF Assets Hit Record
ICI's weekly MMMF asset series hit a record in the latest week, showing funds rising $13.16 billion to $3.585 trillion in the week ended Sept. 3. Retail assets rose $528 million to $1.234 trillion, while Institutional assets jumped $12.64 billion to $2.351 trillion. Tax-exempt funds were the strongest sector on the week, with institutional funds rising 1.79%, or $3.65 billion, to $207.3 billion, following two weeks of declines. Year-to-date, money fund assets have increased $441 billion, or 14.0%, with institutional assets contributing $368.2 billion (up 18.6%) and retail assets up $72.8 billion (up 6.3%). Over 52 weeks funds have increased by $778 billion, or 27.7%, with institional assets contributing $628 billion (up 36.4%) and retail up $151 billion (up 13.9%).
