Economy

xchrom

(108,903 posts)

29. MONEY MARKET FUND ASSETS ROSE $22.09 BILLION

Fri Dec 27, 2013, 09:51 AM

Dec 2013

http://hosted.ap.org/dynamic/stories/U/US_MONEY_FUNDS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-12-26-15-28-07

NEW YORK (AP) -- Total U.S. money market mutual fund assets rose $22.09 billion to $2.697 trillion for the week that ended Monday, according to the Investment Company Institute.

Assets in the nation's retail money market mutual funds rose $1.27 billion to $926.93 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $450 million to $731.63 billion. Tax-exempt retail fund assets rose $810 million to $195.3 billion.

Assets in institutional money market funds rose by $20.82 billion to $1.77 trillion. Among institutional funds, taxable money market fund assets increased by $21.47 billion to $1.695 trillion. Assets of tax-exempt funds fell $640 million to $74.8 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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STOCK MARKET WATCH -- Friday, 27 December 2013 [View all] Tansy_Gold Dec 2013 OP

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