Share “Money market fund assets fall by $13.12...”

Money market fund assets fall by $13.12 billion

Published on NewsOK Modified: April 3, 2014 at 4:52 pm •  Published: April 3, 2014

Total U.S. money market mutual fund assets fell by $13.12 billion to $2.63 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Assets in the nation's retail money market mutual funds rose by $1.04 billion to $922.76 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $670 million to $727.92 billion. Tax-exempt retail fund assets rose $370 million to $194.84 billion.

Assets in institutional money market funds fell $14.17 billion to $1.71 trillion. Among institutional funds, taxable money market fund assets fell by $15.08 billion to $1.63 trillion. Assets of tax-exempt funds rose by $910 million to $76.98 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.

The 30-day yield and the 30-day compounded yield were both unchanged at 0.01 percent, Money Fund Report said Wednesday.

The average maturity of portfolios held by money market mutual held steady at 47 days.

The online service said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was unchanged from the week before at 0.11 percent.

The North Palm Beach, Fla.-based unit of Bankrate Inc. said Wednesday that the annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent. said the annual percentage yield on six-month certificates of deposit was unchanged from a week earlier at 0.14 percent. One-year CD yields were flat at 0.23 percent, two-year CD yields were unchanged at 0.37 percent and the five-year yield fell to 0.79 percent from 0.80 percent.


  1. 1
    Vinita police chief: Extreme sunburn case still under investigation, drawing international media...
  2. 2
    Hundreds pack memorial service for man killed at north Tulsa park
  3. 3
    There’s a New Restaurant That Specializes in Potato-Chip Sandwiches
  4. 4
    The most popular liquor in every state
  5. 5
    The FBI has subpoenaed lewd text messages between Subway's Jared Fogle and a former Subway...
+ show more


× Trending business Article