ICI Shows Big Jump in Assets
ICI's weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $11.69 billion to $2.817 trillion for the week ended Wednesday, June 23.... Taxable government funds increased by $1.88 billion, taxable non-government funds increased by $11.69 billion, and tax-exempt funds decreased by $1.89 billion.... Assets of retail money market funds decreased by $6.61 billion to $986.97 billion.... Assets of institutional money market funds increased by $18.29 billion to $1.831 trillion. Among institutional funds, taxable government money market fund assets increased by $3.41 billion to $689.92 billion, taxable non-government money market fund assets increased by $14.80 billion to $1.003 trillion, and tax-exempt fund assets increased by $80 million to $138.36 billion." In other news, see the press release, "Webinar Helps Administrators Prepare for Money Market Fund Reform Rule Reporting as Fourth Quarter Reporting Deadlines Quickly Approach ", which says, "Confluence, a global leader in investment management data automation, today announced a webinar to help fund administrators take the right steps to ensure compliance with the SEC-mandated Money Market Fund Reform Rule (IC-29132) as critical 2010 fourth quarter reporting deadlines approach.... The complimentary webinar entitled 'Managing the Countdown to Money Market Reform Reporting: Chaos or Control?' will take place Wednesday, June 30 from 11:00-11:45." It will feature Chuck Daly, Vice President, Assistant General Counsel of Fund Administration at JP Morgan, and Sara Reece, Assistant Financial Controller at The Principal Financial Group, and Scott Powell, Senior Market Analyst, Confluence."
