ICI: Money Fund Assets Lower
ICI's latest weekly "Money Market Fund Assets" report shows money fund assets falling $5.9 billion to $7.072 trillion, after rising $55.6 billion to a record $7.078 trillion the week prior. MMF assets are up by $928 billion, or 15.1%, over the past 52 weeks (through 7/9/25), with Institutional MMFs up $494 billion, or 13.5% and Retail MMFs up $434 billion, or 17.5%. Year-to-date, MMF assets are up by just $222 billion, or 3.2%, with Institutional MMFs up $46 billion, or 1.1% and Retail MMFs up $176 billion, or 6.4%. ICI's weekly release says, "Total money market fund assets decreased by $5.88 billion to $7.07 trillion for the week ended Wednesday, July 9, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $14.46 billion and prime funds increased by $9.02 billion. Tax-exempt money market funds decreased by $441 million." ICI's stats show Institutional MMFs decreasing $8.8 billion and Retail MMFs increasing $2.9 billion in the latest week. Total Government MMF assets, including Treasury funds, were $5.755 trillion (81.4% of all money funds), while Total Prime MMFs were $1.179 trillion (16.6%). Tax Exempt MMFs totaled $138.5 billion (2.0%). It explains, "Assets of retail money market funds increased by $2.88 billion to $2.91 trillion. Among retail funds, government money market fund assets decreased by $354 million to $1.83 trillion, prime money market fund assets increased by $4.26 billion to $955.28 billion, and tax-exempt fund assets decreased by $1.03 billion to $125.15 billion." Retail assets account for well over a third of total assets, or 41.2%, and Government Retail assets make up 62.9% of all Retail MMFs. They add, "Assets of institutional money market funds decreased by $8.76 billion to $4.16 trillion. Among institutional funds, government money market fund assets decreased by $14.10 billion to $3.92 trillion, prime money market fund assets increased by $4.75 billion to $223.68 billion, and tax-exempt fund assets increased by $585 million to $13.39 billion." Institutional assets accounted for 58.8% of all MMF assets, with Government Institutional assets making up 94.3% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have increased by $33.0 billion in July (through 7/9/25) to $7.440 trillion; assets hit a record high of $7.463 trillion on July 1 but have since dipped. Assets increased by $6.7 billion in June and jumped by $100.9 billion in May, but fell by $24.4 billion in April. They rose $2.8 trillion in March, $94.2 billion in February and $52.8 billion in January. They jumped $110.9 billion in December, $200.5 trillion in November, $97.5 billion in October, $149.8 billion in September and $109.7 billion in August. Note that ICI's asset totals don't include a number of funds tracked by the SEC and Crane Data, so they're over $330 billion lower than Crane's asset series.
