ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $1.83 billion to $2.805 trillion for the week ended Wednesday, September 29, the Investment Company Institute reported today. Taxable government funds increased by $6.68 billion, taxable non-government funds decreased by $2.55 billion, and tax-exempt funds decreased by $2.29 billion." The report adds, "Assets of retail money market funds decreased by $5.03 billion to $953.17 billion. Taxable government money market fund assets in the retail category decreased by $1.43 billion to $166.25 billion, taxable non-government money market fund assets decreased by $2.11 billion to $584.17 billion, and tax-exempt fund assets decreased by $1.49 billion to $202.75 billion. Assets of institutional money market funds increased by $6.86 billion to $1.852 trillion. Among institutional funds, taxable government money market fund assets increased by $8.11 billion to $661.49 billion, taxable non-government money market fund assets decreased by $440 million to $1.064 trillion, and tax-exempt fund assets decreased by $800 million to $126.49 billion." See also, The SEC's release "Former State Street Employees Charged for Misleading Investors About Subprime Mortgage Investments", which says, "The SEC's Division of Enforcement alleges that John P. Flannery and James D. Hopkins marketed State Street's Limited Duration Bond Fund as an "enhanced cash" investment strategy that was an alternative to a money market fund for certain types of investors."
