ICI.org – Washington, DC, October 6, 2016—Total money market fund assets1 decreased by $25.06 billion to $2.66 trillion for the week ended Wednesday, October 5, the Investment Company Institute reported today. Among taxable money market funds, government funds2 increased by $87.79 billion and prime funds decreased by $110.19 billion. Tax-exempt money market funds decreased by $2.67 billion.
Assets of Money Market Funds Billions of dollars
| 10/5/2016 | 9/28/2016 | $ Change* | 9/21/2016 | |
| Government | 2,053.21 | 1,965.41 | 87.79 | 1,863.34 |
| Retail | 546.06 | 538.02 | 8.05 | 527.06 |
| Institutional | 1,507.14 | 1,427.39 | 79.75 | 1,336.28 |
| Prime | 473.24 | 583.43 | -110.19 | 669.08 |
| Retail | 273.91 | 279.30 | -5.39 | 292.74 |
| Institutional | 199.33 | 304.13 | -104.80 | 376.34 |
| Tax-exempt | 128.90 | 131.57 | -2.67 | 137.48 |
| Retail | 120.74 | 107.41 | 13.32 | 111.07 |
| Institutional | 8.16 | 24.16 | -15.99 | 26.41 |
| Total | 2,655.35 | 2,680.41 | -25.06 | 2,669.90 |
| Retail | 940.71 | 924.73 | 15.98 | 930.87 |
| Institutional | 1,714.64 | 1,755.68 | -41.04 | 1,739.03 |
* Change in money market fund assets is primarily driven by flows and can be used as a proxy for net new cash flows.
Note: Components may not add to the total or compute to the $ change due to rounding.
Retail:3 Assets of retail money market funds increased by $15.98 billion to $940.71 billion. Among retail funds, government money market fund assets increased by $8.05 billion to $546.06 billion, prime money market fund assets decreased by $5.39 billion to $273.91 billion, and tax-exempt fund assets increased by $13.32 billion to $120.74 billion.
Institutional:3 Assets of institutional money market funds decreased by $41.04 billion to $1.71 trillion. Among institutional funds, government money market fund assets increased by $79.75 billion to $1.51 trillion, prime money market fund assets decreased by $104.80 billion to $199.33 billion, and tax-exempt fund assets decreased by $15.99 billion to $8.16 billion.
Notes: In anticipation of the Securities and Exchange Commission’s (SEC) new money market fund regulations, many advisers are changing their prime money market funds into government money market funds. As a result, there have been, and will continue to be, large shifts in assets from prime funds to government funds before the October 2016 deadline. For more information about the SEC’s new money market fund rules, read our ICI Viewpoints. ICI reports money market fund assets to the Federal Reserve each week. Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. Weekly money market assets for the last 20 weeks are available on the ICI website.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
CEO Ambre Soubiran says Kaiko aims to provide the data infrastructure for smart contract-based finance.
-
This is part of Nasdaq's Always‑On market initiative to advance the modernization of markets
-
Market participants are using index options to manage exposure across different time horizons.
-
Demand for customization, flexibility, and speed to market in index-linked investing has accelerated.
-
The index is available as a native digital asset, with embedded data distribution, licensing & permissioning.