FYI: U .S. money market fund assets fell $44.36 billion to $2.676 trillion in the week ended March 31 for its largest single-week increase since the second week of October 2013, the Money Fund Report said on Wednesday.
Regards,
Ted
http://www.reuters.com/article/2015/04/01/us-funds-imoneynet-idUSKBN0MS59E20150401Correction;
QUARTER ENDS WITH U.S. MMF OUTFLOWS TOPPING $44 BILLION
U.S. money-market funds ended the first quarter with a weekly asset decline of $44.36 billion as of March 31, according to Money Fund Report®, a service of iMoneyNet in Westborough, Mass. The drop erased last week’s $32.37 billion increase and marked the largest one-week exodus of total fund assets since Oct. 15, 2013.
Total fund assets settled at $2.676 trillion for the week. Taxable money fund assets fell $42.55 billion to $2.418 trillion. Prime Institutional fund assets were down by $32.75 billion. Government Institutional fund assets slipped $8.72 billion while Taxable Retail fund assets declined $1.09 billion.
Tax-Free fund assets decreased $1.81 billion, lowering their total to $257.66 billion.
The iMoneyNet Money Fund Average™ 7-Day Simple Yield for All Taxable money-market funds was 0.02 percent for a 10th consecutive week. The iMoneyNet Money Fund Average™ 7-Day Simple Yield for All Tax-Free and Municipal money-market funds remained at 0.01 percent for a 100th straight week.
There were 991 taxable and 396 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
[email protected].
Posted:4/1/2015 3:06:00 PM
Click here for more iMoneyNet NEWS EXCLUSIVES
Comments
Which way is up?
Never happen.
Einstein also had the Theory of Relativity. That could be at play here also.
Regards,
Ted