The Mutual Fund Directors Forum website posted a piece entitled, "JP Morgan: Results of Survey on Money Market Stress Testing", which says, "In May, JP Morgan surveyed a group of money market mutual funds with questions designed to help understand the frequency, scope and resources industry members anticipated utilizing as part of their stress testing program. JP Morgan has released a summary of the survey results giving an interesting look at how money funds are implementing the SEC's recent rules requiring stress testing." In other news, ICI released its latest "Money Market Mutual Fund Assets", which says, "Total money market mutual fund assets increased by $740 million to $2.841 trillion for the week ended Wednesday, June 9, the Investment Company Institute reported today. Taxable government funds increased by $20 million, taxable non-government funds increased by $2.75 billion, and tax-exempt funds decreased by $2.03 billion."
