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iMoneyNet data as of Dec. 31 showed an overall one-year decline of 2.8 percent for total U.S. money-market fund assets. That followed four straight years of modest yearly increases.

Assets held in 1,099 funds – down from 1,300 in December 2015 – closed out 2016 at $2.696 trillion, off $77.3 billion for the 12-month period. Taxable funds reported assets of $2.565 trillion, up from $2.519 trillion, while Tax-Free funds fell to $130.3 billion from $254.3 billion in 2015.

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    This week's issue of Money Fund Report

    06 Apr 2020

    iMoneyNet was among the first to report that a consortium of business associations and asset managers have appealed to the U.S. Federal Reserve to include a broader range of commercial paper issuers – specifically those designated as T2 – in the Fed’s new Commercial Paper Funding Facility. In a March 31 letter to Fed Chair Jerome Powell and reported in iMoneyNet’s Money Fund Report on Wednesday, the consortium members asserted that T2 CP issuers are entirely “investment grade” and present a default rate only “infinitesimally” greater than their T1-rated peers.

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  • iMoneyNet - Money Market Fund Analysis

    MMF Assets Up for Eighth Consecutive Quarter

    22 Jan 2020

    Final data for the fourth quarter of 2019 show that assets in U.S. money-market funds increased for the eighth consecutive quarter, confirming preliminary numbers in last week’s Money Fund Report (#2300) that assets in all funds as well as in key Retail and Institutional fund categories for the year just ended increased dramatically, outpacing recent years and positioning the money-fund industry to prosper in the 12 months ahead. Assets in all U.S. funds ended the year at $3,581.4 trillion, a four-quarter increase of $588.4 billion, or 19.7 percent, as the table below shows. Between the third and fourth quarters, all assets increased by 5.5 percent. Taxable funds fared better, growing by $596.0 billion to $3,441.1 trillion, a yearly jump of 20.9 percent, and a Q3-to-Q4 growth of 5.6 percent. For more money-market analysis and insights, reach out to us for more information or a tour of our solutions.

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