ICI's weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $65.84 billion to $2.568 trillion for the week ended Wednesday, August 3, the Investment Company Institute reported today. Taxable government funds decreased by $28.19 billion, taxable non-government funds decreased by $40.90 billion, and tax-exempt funds increased by $3.25 billion." The decline ranks as the 5th largest over the past 3 years. ICI continues, "Assets of retail money market funds increased by $11.41 billion to $930.85 billion. Taxable government money market fund assets in the retail category increased by $1.43 billion to $180.08 billion, taxable non-government money market fund assets increased by $7.15 billion to $552.53 billion, and tax-exempt fund assets increased by $2.83 billion to $198.25 billion. Assets of institutional money market funds decreased by $77.25 billion to $1.637 trillion. Among institutional funds, taxable government money market fund assets decreased by $29.62 billion to $590.91 billion, taxable non-government money market fund assets decreased by $48.05 billion to $941.50 billion, and tax-exempt fund assets increased by $420 million to $105.03 billion." See our MFI Daily and August MFI for more on recent flows.
