ICI's latest "Data Update: Prime Money Market Funds' Holdings" says, "In October and December, we discussed how portfolio managers of U.S. prime money market funds have addressed the ongoing debt crisis in the eurozone. In February, we responded to commentators suggestions that U.S. prime money market funds' increase in eurozone holdings in January reflected a renewed appetite for risk. Here is a look at the latest monthly data on these funds' holdings by home country of issuer. In March, prime funds' eurozone holdings declined as a percentage of assets. We will revisit the topic in mid-May with updated analysis once April figures become available." ICI's latest summary, which uses Crane Data's monthly Money Fund Portfolio Holdings series, shows total Eurozone holdings falling to 14.6% in March in Prime money funds from 15.5% in February. This percent is up from a low of 12.0% in December, but down considerably from the peak of 31.1% in May 2011. France represented 5.0% of Prime holdings in March vs. 5.5% in February, 3.3% in December and 15.7% in May 2011. ICI also released their latest weekly "Money Market Mutual Fund Assets" Thursday evening. The tiny increase broke a seven-week streak of outflows.
