ICI: MMFs Rebound to Record $7.4T
The Investment Company Institute's latest weekly "Money Market Fund Assets" report shows money fund assets increasing by $30.4 billion to a new record high of $7.398 trillion. Assets have risen in 4 of the last 5 weeks, and 12 of the past 14 weeks. MMFs fell $17.8 billion the prior week, after rising $19.9 billion two weeks prior. MMF assets are up by $890 billion, or 13.7%, over the past 52 weeks (through 10/22/25), with Institutional MMFs up $515 billion, or 13.3% and Retail MMFs up $374 billion, or 14.3%. Year-to-date, MMF assets are up by $547 billion, or 8.0%, with Institutional MMFs up $285 billion, or 6.9% and Retail MMFs up $262 billion, or 9.6%. ICI's weekly release says, "Total money market fund assets increased by $30.37 billion to $7.40 trillion for the week ended Wednesday, October 22, the Investment Company Institute reported.... Among taxable money market funds, government funds increased by $24.86 billion and prime funds increased by $7.29 billion. Tax-exempt money market funds decreased by $1.78 billion." ICI's stats show Institutional MMFs increasing $18.2 billion and Retail MMFs increasing $12.2 billion in the latest week. Total Government MMF assets, including Treasury funds, were $6.043 trillion (81.7% of all money funds), while Total Prime MMFs were $1.215 trillion (16.4%). Tax Exempt MMFs totaled $139.3 billion (1.9%). It explains, "Assets of retail money market funds increased by $12.16 billion to $3.00 trillion. Among retail funds, government money market fund assets increased by $9.25 billion to $1.89 trillion, prime money market fund assets increased by $4.44 billion to $983.74 billion, and tax-exempt fund assets decreased by $1.52 billion to $126.86 billion." Retail assets account for 40.5% of the total, and Government Retail assets make up 62.9% of all Retail MMFs. They add, "Assets of institutional money market funds increased by $18.20 billion to $4.40 trillion. Among institutional funds, government money market fund assets increased by $15.61 billion to $4.16 trillion, prime money market fund assets increased by $2.85 billion to $231.23 billion, and tax-exempt fund assets decreased by $256 million to $12.44 billion." Institutional assets accounted for 59.5% of all MMF assets, with Government Institutional assets making up 94.5% of all institutional MMF totals. According to Crane Data's separate Money Fund Intelligence Daily series, money fund assets have increased by $69.4 billion to $7.777 trillion for October as of October 22, hitting a record high of $7.793 trillion on October 21 (but dipping on Wednesday). Assets increased by $105.2 billion in September, $132.0 billion in August, $63.7 billion in July, $6.7 billion in June and $100.9 billion in May. They fell by $24.4 billion in April, but 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 billion in November, and $97.5 billion last October. 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.
