Money Management Executive

Money Market Fund Assets Increased By $36 Billion Last Week

Published November 09, 2001, 1:00 a.m. EST

1 Min Read

Money market fund assets increased by more than $36 billion during the week ending Wednesday, Nov. 7, after falling $11 billion the previous week, according to the Investment Company Institute. Total money market assets now stand at $2.302 trillion.

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The majority of the increase was seen in institutional money market funds, which rose $33.93 billion, bringing total assets in the category above $1.2 trillion, according to the ICI. Specifically, taxable money market funds, which account for 93% of institutional money market assets, rose $31.3 billion.

On the retail side, the increase, albeit slight, was seen in tax-exempt fund assets, which rose $2.22 billion, the ICI reported. Taxable money market retail fund assets decreased by 125.4 million.

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Money Management Executive

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