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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 11 April 2014 [View all]xchrom
(108,903 posts)14. MONEY MARKET FUND ASSETS FALL BY $17.7 BILLION
http://hosted.ap.org/dynamic/stories/U/US_MONEY_FUNDS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-04-10-17-38-57
Total U.S. money market mutual fund assets fell by $17.7 billion to $2.61 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation's retail money market mutual funds fell by $4.5 billion to $918.26 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category fell $3.6 billion to $724.28 billion. Tax-exempt retail fund assets fell $860 million to $193.98 billion.
Assets in institutional money market funds fell $13.2 billion to $1.69 trillion. Among institutional funds, taxable money market fund assets fell by $11.78 billion to $1.62 trillion. Assets of tax-exempt funds fell by $1.42 billion to $75.56 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0.01 percent.
Total U.S. money market mutual fund assets fell by $17.7 billion to $2.61 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation's retail money market mutual funds fell by $4.5 billion to $918.26 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category fell $3.6 billion to $724.28 billion. Tax-exempt retail fund assets fell $860 million to $193.98 billion.
Assets in institutional money market funds fell $13.2 billion to $1.69 trillion. Among institutional funds, taxable money market fund assets fell by $11.78 billion to $1.62 trillion. Assets of tax-exempt funds fell by $1.42 billion to $75.56 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0.01 percent.
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