MutualFundWire.com: Money Fund Assets Rise $27 Billion
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Tuesday, May 28, 2002

Money Fund Assets Rise $27 Billion


Istitutional money funds led the way with more than $27 billion in net flows. Meanwhile, retail funds say total outflows of $1.1 billion for the week ended last Wednesday, reported the Investment Company Institute.

The strongest flows were into institutional taxable money market funds. That segment reported more than $26 billion in net flows. Tax-exempt institutional and retail money funds each reported less than $1 billion of net flows. Taxable retail funds suffered redemptions of roughly $1.7 billion.

Money Fund Flows ($ mm)
Week of Total Net Flows Retail Net Flows Institutional Net Flows
Taxable Tax-Exempt Taxable Tax-Exempt
May 23 $26,160 ($1,700) $593 $26,320 $948
May 16 ($6,450) ($4,860) ($232) ($2,210) $852
May 9 $23,650 $3,020 $1,180 $22,190 $1,260
May 2 ($41,710) ($7,920) ($2,450) ($32,270) $925
April 24 $106.2 ($6,190) ($4,970) $11,920 ($652)
April 17 ($21,940) ($7,810) ($1,690) ($12,450) ($9,690)
April 10 $6,910 ($2,590) ($690) $10,540 ($355)
April 3 ($11,240) ($856) $1,550 ($12,870) $947
Source: Investment Company Institute (ICI)



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