USD, Euro and GBP funds push year-end assets higher

Strong inflows were reported for all but one money-market-fund category for the week ending 30 Dec., according to iMoneyNet, an Informa Business Intelligence Inc. company. Categories reported additional assets ranging from £1.13 billion in sterling-denominated Government funds to as much as $5.27 billion in U.S. dollar-denominated Government funds.

USD fund assets rose by $8.99 billion to $410.36 billion. USD Prime fund assets increased $3.72 billion to $281.95 billion. USD Government fund assets were up by $5.27 billion to $128.41 billion.

Total Euro fund assets increased €1.46 billion to €91.12 billion. Euro Prime fund assets were up by €1.53 billion to €90.73 billion while Euro Government fund assets slipped €72.0 million, lowering their total to €391.1 million.

Sterling-denominated fund assets jumped £4.12 billion to £173.24 billion. Sterling Prime fund assets were up by £2.99 billion to £169.33 billion. Sterling Government fund assets rose by £1.13 billion to £3.91 billion.

The iMoneyNet Money Fund Average™/All USD 7-Day Simple Yield rose to 0.61 percent from 0.60 percent the prior week. The iMoneyNet Money Fund Average™/All Euro 7-Day Simple Yield declined to -0.48 percent from -0.47 percent the week before and the iMoneyNet Money Fund Average™/All Sterling 7-Day Simple Yield slipped to 0.20 percent from 0.21 percent the previous week.

There were 244 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.