Printer Friendly

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

 WASHINGTON, Dec. 2 /PRNewswire/ -- Assets of the nation's 649 retail money market mutual funds decreased by $575.1 million to $396.78 billion for the week ended Wednesday, Dec. 1, the Investment Company Institute reported today. Assets of the 406 taxable money market funds in the retail category fell by $962.2 million to $309.99 billion; the 243 tax-exempt funds' assets increased by $387.1 million to $86.78 billion.
 Assets of the 274 institutional money market funds decreased by $4.96 billion to $191.86 billion for the same period. Among institutional funds, the 220 taxable money market fund assets dropped by $5.15 billion to $169.75 billion; assets of the 54 tax exempt funds rose by $192.1 million to $22.10 billion.
 Total money market mutual fund assets stood at $588.63 billion for the week ended Wednesday, Dec. 1.
 Assets of money market mutual funds for the week ended Tuesday (11/23) were revised to $594.17 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- 12/2/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


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

DC-KD -- DC030 -- 0007 12/02/93 17:13 EST
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:Dec 2, 1993
Words:289
Previous Article:VIRGINIA AND ARIZONA FIRMS PAY $23,000 TO SETTLE EMPLOYMENT DISCRIMINATION CASES, ACCORDING TO DOJ
Next Article:NATIONALLY KNOWN PARK WEST GALLERY TO HOST PUBLIC AUCTION OF FINE ART IN MIDLAND, MICH.
Topics:

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