ICI: MMF Assets Fall After Record High
The Investment Company Institute's latest weekly "Money Market Fund Assets" report shows money fund assets falling $35.7 billion to $7.980 trillion. Assets jumped $114.5 billion to a record high $8.016 trillion the previous week and decreased $43.3 billion the week before this. Assets previous record high of $7.979 trillion was seen ten weeks prior. MMF assets are up by $443 billion, or 5.9%, over the past 52 weeks (through 11/11/26), with Institutional MMFs up $351 billion, or 7.8% and Retail MMFs up $92 billion, or 3.0%. Year-to-date in 2026, MMF assets are up by $247 billion, or 3.2%, with Institutional MMFs up $209 billion, or 4.5% and Retail MMFs up $37 billion, or 1.2%. ICI's weekly release says, "Total money market fund assets decreased by $35.72 billion to $7.98 trillion for the week ended Wednesday, November 11, the Investment Company Institute reported.... Among taxable money market funds, government funds decreased by $32.76 billion and prime funds decreased by $1.11 billion. Tax-exempt money market funds decreased by $1.86 billion." ICI's stats show Institutional MMFs decreasing $31.3 billion and Retail MMFs decreasing $4.4 billion in the latest week. Total Government MMF assets, including Treasury funds, were $6.590 trillion (82.6% of all money funds), while Total Prime MMFs were $1.230 trillion (15.4%). Tax Exempt MMFs totaled $159.9 billion (2.0%). It explains, "Assets of retail money market funds decreased by $4.40 billion to $3.11 trillion. Among retail funds, government money market fund assets decreased by $1.51 billion to $1.99 trillion, prime money market fund assets decreased by $2.27 billion to $983.50 billion, and tax-exempt fund assets decreased by $625 million to $145.72 billion." Retail assets account for 39.0% of the total, and Government Retail assets make up 63.7% of all Retail MMFs. They add, "Assets of institutional money market funds decreased by $31.32 billion to $4.87 trillion. Among institutional funds, government money market fund assets decreased by $31.25 billion to $4.60 trillion, prime money market fund assets increased by $1.16 billion to $247.00 billion, and tax-exempt fund assets decreased by $1.23 billion to $14.18 billion." Institutional assets accounted for 61.0% 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 increased by $68.5 billion to $8.427 trillion month-to-date in November (as of 11/10). Assets reached a record high $8.447 trillion this past week (11/4), the previous record high was seen the day before (11/3) at $8.432 trillion and prior to that assets reached an all-time high of $8.404 trillion on July 6. Assets increased $64.4 billion in October, decreased $48.0 billion in September, increased $52.8 billion in August, decreased $61.4 billion in July, increased $58.6 billion in June, $208.6 billion in May, decreased by $108.8 billion in April, $49.3 billion in March, increased $99.5 billion in February, $32.9 billion in January, $126.3 billion in December and $132.8 billion last November. 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.
