Euro-denominated money-market fund assets rose by €1.65 billion for the week ended 13 Jan., according to iMoneyNet, an Informa Business Intelligence Inc. company. It was the sixth consecutive week that combined euro Government and Prime fund categories resulted in net gains.
USD fund assets fell $10.06 billion to $414.05 billion. USD Prime fund assets decreased $5.87 billion to $292.67 billion. USD Government fund assets were down by $4.19 billion to $121.38 billion.
Total Euro fund assets increased €1.65 billion to €92.92 billion. Euro Prime fund assets were up by €1.62 billion to €92.54 billion while Euro Government fund assets rose €28.8 million, raising their total to €385.5 million.
Sterling-denominated fund assets declined £2.75 billion to £177.02 billion. Sterling Prime fund assets were down by £3.07 billion to £172.80 billion. Sterling Government fund assets increased £315.3 million to £4.22 billion.
The iMoneyNet Money Fund Average™/All USD 7-Day Simple Yield rose to 0.63 percent from 0.61 percent. The iMoneyNet Money Fund Average™/All Euro 7-Day Simple Yield was unchanged at -0.49 percent and the iMoneyNet Money Fund Average™/All Sterling 7-Day Simple Yield increased to 0.20 percent from 0.19 percent the previous week.
There were 243 USD funds, 118 Euro funds, and 174 Sterling funds reporting. iMoneyNet has tracked non-U.S. money-funds since 1999, U.S. taxable MMFs since 1975, and U.S. tax-free funds since 1981.
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