ICI Shows MMF Assets Dip
ICI's latest "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $4.18 billion to $2.715 trillion for the eight-day period ending Wednesday, January 8, the Investment Company Institute reported today. Taxable government funds decreased by $15.01 billion, taxable non-government funds increased by $7.71 billion, and tax-exempt funds increased by $3.12 billion.... Assets of retail money market funds increased by $2.09 billion to $931.32 billion. Taxable government money market fund assets in the retail category increased by $20 million to $199.66 billion, taxable non-government money market fund assets increased by $170 million to $533.22 billion, and tax-exempt fund assets increased by $1.90 billion to $198.44 billion. Assets of institutional money market funds decreased by $6.26 billion to $1.783 trillion. Among institutional funds, taxable government money market fund assets decreased by $15.04 billion to $747.49 billion, taxable non-government money market fund assets increased by $7.55 billion to $960.04 billion, and tax-exempt fund assets increased by $1.22 billion to $75.65 billion." ICI's "Weekly Estimated Long-Term Mutual Fund Flows" also shows that bond fund outflows continued. It says, "Bond funds had estimated outflows of $2.85 billion, compared to estimated outflows of $3.46 billion during the previous week."
