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U.S. dollar-denominated Prime fund assets jumped $16.59 billion for the week ended 6 Jan., according to iMoneyNet, an Informa Business Intelligence Inc. company.

USD fund assets overall rose by $13.75 billion to $424.11 billion. USD Prime fund assets increased $16.59 billion to $298.54 billion. However, USD Government fund assets were down by $2.84 billion to $125.57 billion.

Total Euro fund assets increased €153.0 million to €91.27 billion. Euro Prime fund assets were up by €187.4 million to €90.92 billion while Euro Government fund assets fell €34.4 million, lowering their total to €356.7 million.

Sterling-denominated fund assets climbed £6.54 billion to £179.77 billion. Sterling Prime fund assets were up by £6.54 billion to £175.87 billion. Sterling Government fund assets declined £7.6 million to £3.91 billion.

The iMoneyNet Money Fund Average™/All USD 7-Day Simple Yield remained at 0.61 percent. The iMoneyNet Money Fund Average™/All Euro 7-Day Simple Yield declined to -0.49 percent from -0.48 percent the week before and the iMoneyNet Money Fund Average™/All Sterling 7-Day Simple Yield slipped to 0.19 percent from 0.20 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.

For Media members only: To receive a weekly Offshore Money Fund Report™ data summary by e-mail, send request to mkrasner@imoneynet.com.

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