ICI Money Market Fund Holdings
The Investment Company Institute released its latest "Money Market Fund Holdings" summary (with data as of July 27, 2018) Monday. This monthly update reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. (See also Crane Data's August 10 News, "August Money Fund Portfolio Holdings: Treasuries, CP, CD Show Jumps.") The ICI MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in July, prime money market funds held 25.6 percent of their portfolios in daily liquid assets and 43.0 percent in weekly liquid assets, while government money market funds held 59.2 percent of their portfolios in daily liquid assets and 77.2 percent in weekly liquid assets." Prime DLA increased from 24.0% in June, and Prime WLA also increased from 42.6% in June. Govt MMFs' DLA increased from 59.0% in June and Govt WLA increased from 76.0% last month. ICI explains, "At the end of July, prime funds had a weighted average maturity (WAM) of 31 days and a weighted average life (WAL) of 64 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 29 days and a WAL of 86 days." Prime WAMs were up one day from last month, and WALs were down by one day. Govt WAMs were down three days from June and Govt WALs were down by two days from last month. Regarding Holdings By Region of Issuer, ICI's release tells us, "Prime money market funds' holdings attributable to the Americas rose from $198.80 billion in June to $199.76 billion in July. Government money market funds' holdings attributable to the Americas declined from $1,765.16 billion in June to $1,716.62 billion in July." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $199.8 billion, or 39.8%; Asia and Pacific at $96.5 billion, or 19.2%; Europe at $200.3 billion, or 40.0%; and, Other (including Supranational) at $4.8 billion, or 1.0%. The Government Money Market Funds by Region of Issuer table shows Americas at $1.717 trillion, or 76.3%; Asia and Pacific at $128.4 billion, or 5.7%; and Europe at $399.3 billion, or 17.7%.
