ICI: Money Market Fund Holdings
ICI released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. (For more, see our March 10 News, "March MF Portfolio Holdings: Repo Jumps; Treasuries, Agencies Decline.") The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in February, prime money market funds held 30.4 percent of their portfolios in daily liquid assets and 47.0 percent in weekly liquid assets, while government money market funds held 75.5 percent of their portfolios in daily liquid assets and 86.1 percent in weekly liquid assets." Prime DLA was down from 30.6% in January, and Prime WLA increased from 44.0%. Govt MMFs' DLA increased from 71.5% in January and Govt WLA increased from 80.7% from the previous month. ICI explains, "At the end of February, prime funds had a weighted average maturity (WAM) of 47 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 47 days and a WAL of 98 days." Prime WAMs were up one day from the previous month, while WALs were up three from the previous month. Govt WAMs were down one day while WALs were down two days from January. Regarding Holdings By Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $234.66 billion in January to $199.53 billion in February. Government money market funds' holdings attributable to the Americas rose from $3,240.21 billion in January to $3,256.90 billion in February." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $199.5 billion, or 38.0%; Asia and Pacific at $86.7 billion, or 16.5%; Europe at $232.6 billion, or 44.3%; and, Other (including Supranational) at $5.7 billion, or 1.2%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.257 trillion, or 86.8%; Asia and Pacific at $134.7 billion, or 3.6%; Europe at $340.9 billion, 9.1%, and Other (Including Supranational) at $18.1 billion, or 0.5%."
