ICI's latest "Money Market Fund Assets" report shows assets down sharply in the latest week, following strong start to 2019. ICI's weekly series shows Retail MMFs inched higher by $2.72 billion, while Institutional MMFs plummeted by $49.93 billion. Total Government MMF assets, including Treasury funds, stood at $2.292 trillion (74.8% of all money funds), while Total Prime MMFs reached $633.0 billion (20.7%). Tax Exempt MMFs totaled $139.8 billion, or 4.6%. They write, "Total money market fund assets decreased by $47.21 billion to $3.06 trillion for the week ended Wednesday, March 20, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $46.09 billion and prime funds decreased by $1.12 billion. Tax-exempt money market funds were unchanged." ICI states, "Assets of retail money market funds increased by $2.72 billion to $1.21 trillion. Among retail funds, government money market fund assets increased by $1.02 billion to $694.57 billion, prime money market fund assets increased by $1.79 billion to $382.18 billion, and tax-exempt fund assets decreased by $83 million to $130.13 billion." Retail assets account for over a third of total assets, or 39.4%, and Government Retail assets make up 57.6% of all Retail MMFs. The ICI release adds, "Assets of institutional money market funds decreased by $49.93 billion to $1.86 trillion. Among institutional funds, government money market fund assets decreased by $47.10 billion to $1.60 trillion, prime money market fund assets decreased by $2.91 billion to $250.81 billion, and tax-exempt fund assets increased by $84 million to $9.66 billion." Institutional assets accounted for 60.6% of all MMF assets, with Government Institutional assets making up 86.0% of all Institutional MMF totals.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link 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