Printer Friendly

INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS

 WASHINGTON, Oct. 7 /PRNewswire/ -- Assets of the nation's 647 retail money market mutual funds increased by $2.63 billion to $389.83 billion for the week ended Wednesday, Oct. 6, the Investment Company Institute reported today. Assets of the 407 taxable money market funds in the retail category rose by $894.8 million to $305.51 billion; the 240 tax-exempt funds' assets increased by $1.74 billion to $84.32 billion.
 Assets of the 274 institutional money market funds increased by $3.79 billion to $185.34 billion for the same period. Among institutional funds, the 221 taxable money market fund assets grew by $2.95 billion to $163.77 billion; assets of the 53 tax exempt funds increased by $837.5 million to $21.57 billion.
 Total money market mutual fund assets stood at $575.17 billion for the week ended Wednesday, Oct. 6.
 Assets of money market mutual funds for the week ended Wednesday (9/29) were revised to $568.75 billion. The revisions are due to reporting errors and an increase in the number of funds reporting.
 ICI reports the assets of money market funds to the Federal Reserve Board each week and makes this data available to the public on a weekly basis. The institute also reports monthly on three broad categories of funds. They are (1) short-term funds which include tax-exempt money market funds, (2) taxable retail and institutional money market funds, and (3) all funds other than money market funds -- such as stock, income, corporate bond and municipal bond funds.
 -0- 10/7/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


CO: Investment Company Institute ST: District of Columbia IN: FIN SU:

DC-KD -- DC027 -- 9916 10/07/93 17:04 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 7, 1993
Words:289
Previous Article:SOCIETY CORPORATION ANNOUNCES THE COMPLETION OF ITS ACQUISITION OF SCHAENEN WOOD & ASSOCIATES, INC.
Next Article:WARD'S REPORTS ESTIMATED PRODUCTION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters