Showing posts with label Money Market Funds. Show all posts
Showing posts with label Money Market Funds. Show all posts

Money Market Funds


A money market fund (also known as money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money market funds are widely (though not necessarily accurately) regarded as being as safe as bank deposits yet providing a higher yield. Regulated in the US under the Investment Company Act of 1940, money market funds are important providers of liquidity to financial intermediaries.


Latest News about Money Market Funds


Money market funds fall by $20.86 bln in latest week-ICI



"Total money market mutual fund assets decreased by $20.86 billion to $2.533 trillion for the week ended Wednesday, June 20, the Investment Company Institute reported today. Taxable government funds decreased by $2.21 billion, taxable non-government funds decreased by $18.50 billion, and tax-exempt funds decreased by $150 million.
Retail: Assets of retail money market funds increased by $850 million to $891.14 billion. Taxable government money market fund assets in the retail category increased by $1.84 billion to $189.89 billion, taxable non-government money market fund assets decreased by $930 million to $514.68 billion, and tax-exempt fund assets decreased by $50 million to $186.58 billion.
Institutional: Assets of institutional money market funds decreased by $21.71 billion to $1.642 trillion. Among institutional funds, taxable government money market fund assets decreased by $4.05 billion to $679.72 billion, taxable non-government money market fund assets decreased by $17.56 billion to $877.79 billion, and tax-exempt fund assets decreased by $100 million to $84.67 billion.
ICI reports money market fund assets to the Federal Reserve each week. Revisions are due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical weekly money market data back to January 2008 are available on the ICI website."
Source:Reuters





 

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