skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Informa pharma logo

Financial Intelligence is part of the Informa Intelligence Division of Informa PLC

This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IFI Logo
Search Icon RecommendationseCommerce StoreProduct loginProductLogin
Global Search Configuration
U.S. money-market fund assets fell $27.08 billion for the week ended Jan. 17, according to Money Fund Report®, an Informa Business Intelligence Inc. company. One category that reported gains for the week was Prime Institutional funds with inflows of $1.50 billion.

Total fund assets settled at $2.637 trillion for the week. Taxable money-fund assets declined $26.25 billion to $2.506 trillion. Government Institutional fund assets were down by $22.85 billion. Prime Institutional fund assets increased $1.50 billion. Taxable Retail fund assets declined $4.90 billion.

Tax-Free fund assets were down by $829.3 million, lowering their total to $130.81 billion.

The iMoneyNet Money Fund Average™ 7-Day Simple Yield for All Taxable money-market funds increased to 0.26 percent from 0.25 percent the week before. The iMoneyNet Money Fund Average™ 7-Day Simple Yield for All Tax-Free and Municipal money-market funds decreased to 0.23 percent from 0.24 percent the previous week.

There were 863 taxable and 236 tax-free and municipal money-market funds reporting this week. iMoneyNet has tracked taxable MMFs since 1975, tax-free funds since 1981, and non-U.S. money funds since 1999.

Note to Media Members: To receive this weekly data summary by e-mail, send request to mkrasner@imoneynet.com.

Recommended Articles

  • iMoneyNet - Money Market Fund Analysis

    The Pandemic’s Slippery Slope for T-F Funds

    By Paul Adams 28 Jun 2021

    The 2020 pandemic, and the policy response it generated from the U.S. Federal Reserve, greased an already slippery slope for U.S. tax-free (T-F) and municipal money-market funds. Over the following 16 months, such funds saw both their number and the assets they hold drop to historic lows. From January 2020 – just prior to the global COVID outbreak – to May of this year, the number of tax-free funds tracked by iMoneyNet declined 14%, from 187 to 162. During the same period the assets they manage declined from $141 billion to $92.4 billion, a 35% slump.

    Topics Industry News

    Read Blog

  • iMoneyNet - Money Market Fund Analysis

    iMoneynet Monthly Fund Report

    By Paul Adams 22 Jun 2021

    The pandemic-fueled volatility of 2020 had the effect of driving total, taxable, government, and retail U.S. money-market fund assets higher, but it had the opposite effect on the already-struggling tax-free and municipal-fund sector of the industry, reducing the number of tax-free funds by nearly 15 percent since January 2020 and assets in those funds over the same period by 41.7 percent to the lowest levels since iMoneyNet began tracking tax-free fund data in 1981. As of end-May 2021, total assets in tax-free funds stood at $92.4 billion, down from $107 billion in early January and from $141.0 billion in January 2020, just prior to the outbreak of the COVID pandemic, as the table above shows. Similarly, the number of funds fell to 162 on May 31 of this year, a reduction from 185 as the year began and from 187 in early 2020. Read more...

    Topics Industry News

    Read Blog

  • iMoneyNet - Money Market Fund Analysis

    iMoneynet Monthly Fund Report

    By Paul Adams 24 May 2021

    Bank of England Governor Andrew Bailey has added his voice and the BoE’s authority to the chorus of regulators, academic researchers, think tanks, and even some fund sponsors – such as Charles Schwab – in arguing for a reconsideration of the role played by MMFs last spring and advocating for additional reforms. In remarks delivered at a U.K. financial conference last week, Bailey explicitly refuted arguments made by MMF defenders that structural vulnerabilities in money funds played no significant or consequential role in last spring’s pandemic-induced “dash-for-cash,” and he committed the Bank – through the Financial Stability Board – to follow through on reforms so as “to avoid history repeating itself yet again.” Read more...

    Topics Industry News

    Read Blog
;

Any questions? Speak to a specialist

Would you like to request sample data or analysis from Informa Financial Intelligence? 

Request a callback
See how our tailored solutions can help you gain a competitive advantage: 
Request a free demo