"Money Market Mutual Fund Assets"
ICI's weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $11.82 billion to $2.621 trillion for the week ended Wednesday, September 21, the Investment Company Institute reported today. Taxable government funds increased by $8.57 billion, taxable non-government funds decreased by $18.04 billion, and tax-exempt funds decreased by $2.34 billion. Assets of retail money market funds increased by $1.42 billion to $940.45 billion. Taxable government money market fund assets in the retail category increased by $1.04 billion to $193.80 billion, taxable non-government money market fund assets increased by $930 million to $553.55 billion, and tax-exempt fund assets decreased by $550 million to $193.10 billion. Assets of institutional money market funds decreased by $13.24 billion to $1.681 trillion. Among institutional funds, taxable government money market fund assets increased by $7.53 billion to $670.98 billion, taxable non-government money market fund assets decreased by $18.98 billion to $911.53 billion, and tax-exempt fund assets decreased by $1.79 billion to $98.21 billion." Retail assets represent 35.9% of all money fund assets vs. 64.1%. Non-government (prime) assets represent 55.9% of the total, Government assets (including Treasury funds) represent 33.0%, and Tax-Exempt assets represent 11.1% of total money fund assets. Year-to-date, money market fund assets have declined by $189 billion, or 6.7%.
