ICI Reports Money Market Mutual Fund Assets. The weekly report (released a day early due to the Holiday) says, "Total money market mutual fund assets increased by $2.59 billion to $3.272 trillion for the week ended Tuesday, December 22." In other news, Moody's Investors Service "confirmed the Aaa fund rating assigned to Neuberger Berman Tax-Free Money Fund managed by Neuberger Berman LLC and subadvised by its affiliate, Neuberger Berman Fixed Income LLC. The fund's credit quality and liquidity are both strong and there is limited exposure to interest rate risk, consistent with a rating of Aaa." Also, Standard & Poor's Ratings Services said "it affirmed its 'AAAm' principal stability fund ratings and 'AAAf' fund credit ratings on the British pound sterling share classes, euro share classes, and U.S. dollar share classes subfunds of the Dublin-domiciled umbrella fund BlackRock Cash Selection Funds PLC, following a review of management and the investment policy of the rated subfunds."
