ICI's Money Market Fund Holdings
ICI released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. This release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in March, prime money market funds held 41.1 percent of their portfolios in daily liquid assets and 59.5 percent in weekly liquid assets, while government money market funds held 78.6 percent of their portfolios in daily liquid assets and 88.1 percent in weekly liquid assets." Prime DLA was up from 39.4% in February, and Prime WLA was up from 58.3%. Govt MMFs' DLA was up from 78.1% and Govt WLA increased from 87.3% the previous month. ICI explains, "At the end of March, prime funds had a weighted average maturity (WAM) of 36 days and a weighted average life (WAL) of 52 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 40 days and a WAL of 85 days." Prime WAMs were 1 day longer and WALs were unchanged from the previous month. Govt WAMs were 1 day shorter and WALs were 1 day shorter from February. Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas rose from $504.42 billion in February to $544.42 billion in March. Government money market funds’ holdings attributable to the Americas rose from $4,435.52 billion in February to $4,442.71 billion in March." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $544.4 billion, or 53.9%; Asia and Pacific at $157.5 billion, or 15.6%; Europe at $290.3 billion, or 28.8%; and, Other (including Supranational) at $17.3 billion, or 1.7%. The Government Money Market Funds by Region of Issuer table shows Americas at $4.443 trillion, or 90.8%; Asia and Pacific at $133.1 billion, or 2.7%; Europe at $296.8 billion, 6.1%, and Other (Including Supranational) at $21.6 billion, or 0.4%.
