Crane Data Subscribers
Money Fund Assets Continue Record Run, Breaking $2.6 Trillion Barrier. Weekly totals published by ICI show money market mutual fund assets breaking above the $2.6 trillion level for the first time ever in the week ended August 1. Money funds gained $18.13 billion this week, as institutional assets surged $15.17 billion and individual assets rose by $2.96 billion. Since June 27, money fund assets have jumped by $71 billion. Year-to-date, money fund assets have increased by $225 billion, or 9.4%, and over the past 52 weeks assets have increased by $436 billion, or 20.1%. Money fund yields also moved higher over the past week. The Crane 100 Index of the largest money market mutual funds rose from 4.98% to 5.00%.
