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Taxable govt funds increased by $23.49 billion in latest week

Assets of retail money market funds increased by $2.37 billion to $929.25 billion for the eight-day period ending Tuesday, December 31

January 03, 2014 10:17 IST | India Infoline News Service
Total money market mutual fund assets increased by $24.04 billion to $2.719 trillion for the eight-day period ending Tuesday, December 31, the Investment Company Institute reported today. Taxable government funds increased by $23.49 billion, taxable non-government funds decreased by $400 million, and tax-exempt funds increased by $960 million.
 
Retail: Assets of retail money market funds increased by $2.37 billion to $929.25 billion. Taxable government money market fund assets in the retail category increased by $40 million to $199.67 billion, taxable non-government money market fund assets increased by $1.08 billion to $533.03 billion, and tax-exempt fund assets increased by $1.25 billion to $196.55 billion.

Institutional: Assets of institutional money market funds increased by $21.67 billion to $1.789 trillion. Among institutional funds, taxable government money market fund assets increased by $23.45 billion to $762.53 billion, taxable non-government money market fund assets decreased by $1.48 billion to $952.49 billion, and tax-exempt fund assets decreased by $290 million to $74.42 billion.


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