MMF Assets Fall to $2.6 Trillion
ICI's latest weekly "Money Market Fund Assets" report says, "Total money market fund assets decreased by $13.12 billion to $2.63 trillion for the week ended Wednesday, April 2, the Investment Company Institute reported today. Among taxable money market funds, treasury funds (including agency and repo) decreased by $3.02 billion and prime funds decreased by $11.39 billion. Tax-exempt money market funds increased by $1.29 billion. Assets of retail money market funds increased by $1.04 billion to $922.76 billion. Treasury money market fund assets in the retail category decreased by $220 million to $203.64 billion, prime money market fund assets increased by $890 million to $524.28 billion, and tax-exempt fund assets increased by $370 million to $194.84 billion. Assets of institutional money market funds decreased by $14.17 billion to $1.71 trillion. Among institutional funds, treasury money market fund assets decreased by $2.80 billion to $714.68 billion, prime money market fund assets decreased by $12.28 billion to $915.34 billion, and tax-exempt fund assets increased by $910 million to $76.98 billion." Money fund assets have fallen for 5 straight weeks and have decreased by $89 billion, or 3.3%, year-to-date.
