ICI Money Fund Holdings Summary
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 Nov. 10 News, "Nov. MF Portfolio Holdings: Treasuries Recover But Repo Still No. 1." The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in October, prime money market funds held 28.1 percent of their portfolios in daily liquid assets and 47.8% in weekly liquid assets, while government money market funds held 84.5 percent of their portfolios in daily liquid assets and 92.6% in weekly liquid assets." Prime DLA was down from 30.4% in September, and Prime WLA stayed the same at 47.8%. Govt MMFs' DLA increased from 80.8% in September and Govt WLA increased from 89.4% from the previous month. ICI explains, "At the end of October, prime funds had a weighted average maturity (WAM) of 48 days and a weighted average life (WAL) of 63 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 36 days and a WAL of 83 days." Prime WAMs were six days longer than September, while WALs were four days higher than the previous month. Govt WAMs and WALs were three days and two days higher than September, respectively. Regarding Holdings By Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $206.69 billion in September to $167.46 billion in October. Government money market funds' holdings attributable to the Americas rose from $3,608.59 billion in September to $3,668.75 billion in October." The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $167.5 billion, or 36.8%; Asia and Pacific at $91.3 billion, or 20.1%; Europe at $190.2 billion, or 41.8%; and, Other (including Supranational) at $5.8 billion, or 1.4%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.669 trillion, or 90.9%; Asia and Pacific at $116.6 billion, or 2.9%; Europe at $240.9 billion, 6.0%, and Other (Including Supranational) at $8.9 billion, or 0.2%.
