The Investment Company Institute'​s latest weekly "Money Market Fund Assets" report shows money fund assets falling by $​11.​0 billion to $​7.​626 trillion. MMFs fell $​5.​6 billion the previous week, and they fell by a massive $​175.​8 billion two weeks prior, the largest weekly drop ever. (​The second largest drop ever was also tax related, $​125.​4 billion during the week ended April 16, 2025; the third largest was $​121.​3 billion the week of Sept. 17, 2008; and the fourth largest was $​112.​0 billion the week ended April 17, 2024.) Assets hit a record high $​7.​856 trillion six weeks ago. MMFs have risen in 23 of the last 32 weeks and 31 of the past 41 weeks. MMF assets are up by $​718 billion, or 10.​4%, over the past 52 weeks (​through 4/​29/​26), with Institutional MMFs up $​503 billion, or 12.​4% and Retail MMFs up $​215 billion, or 7.​5%. Year-​to-​date in 2026, MMF assets are down by $​107 billion, or -​1.​4%, with Institutional MMFs down $​94 billion, or -​2.​0% and Retail MMFs down $​12 billion, or -​0.​4%. ICI'​s weekly release says, "Total money market fund assets decreased by $​10.​98 billion to $​7.​63 trillion for the week ended Wednesday, April 29, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $​8.​02 billion and prime funds decreased by $​5.​23 billion. Tax-​exempt money market funds increased by $​2.​26 billion." ICI'​s stats show Institutional MMFs decreasing $​6.​6 billion and Retail MMFs decreasing $​4.​4 billion in the latest week. Total Government MMF assets, including Treasury funds, were $​6.​261 trillion (​82.​1% of all money funds), while Total Prime MMFs were $​1.​221 trillion (​16.​0%). Tax Exempt MMFs totaled $​144.​7 billion (​1.​9%). It explains, "Assets of retail money market funds decreased by $​4.​44 billion to $​3.​07 trillion. Among retail funds, government money market fund assets decreased by $​4.​95 billion to $​1.​95 trillion, prime money market fund assets decreased by $​1.​59 billion to $​984.​94 billion, and tax-​exempt fund assets increased by $​2.​10 billion to $​132.​18 billion." Retail assets account for 40.​2% of the total, and Government Retail assets make up 63.​6% of all Retail MMFs. They add, "Assets of institutional money market funds decreased by $​6.​55 billion to $​4.​56 trillion. Among institutional funds, government money market fund assets decreased by $​3.​06 billion to $​4.​31 trillion, prime money market fund assets decreased by $​3.​64 billion to $​235.​88 billion, and tax-​exempt fund assets increased by $​157 million to $​12.​52 billion." Institutional assets accounted for 59.​8% of all MMF assets, with Government Institutional assets making up 94.​6% of all institutional MMF totals. According to Crane Data'​s separate Money Fund Intelligence Daily series, money fund assets have decreased by $​129.​1 billion to $​8.​063 trillion month-​to-​date in April (​as of 4/​29), assets hit a record high on March 18 of $​8.​280 trillion. (​Our asset series previous record high, $​8.​276 trillion, was set on 3/​17/​26.) Assets decreased by $​49.​3 billion in March, increased $​99.​5 billion in February, $​32.​9 billion in January, $​126.​3 billion in December, $​132.​8 billion in November, $​142.​1 billion in October, $​105.​2 billion in September and $​132.​0 billion in August. They rose $​63.​7 billion in July, $​6.​7 billion in June and $​100.​9 billion in May, but fell by $​24.​4 billion last April. Note that ICI'​s asset totals don'​t include a number of funds tracked by the SEC and Crane Data, so they'​re almost $​400 billion lower than Crane'​s asset series.

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