SCHWAB MONEY MARKET RATES HOW TO
To help you decide how to apportion your portfolio, we went to the experts. Foreign stocks have been outperforming their U.S. stocks, down from their peak in late 2021 even after a rebound, are still expensive relative to shares in other countries' markets. Inflation, despite recent declines, remains high. Bond yields are higher and cash, at long last, can earn a decent interest rate. For a detailed description of ICI classifications, please see ICI Open-End Investment Objective Definitions.Smart investors will view the turmoil of 2022 as a sign that some tweaks to their portfolio may be required. Institutional funds are sold primarily to institutional investors or institutional accounts purchased by or through an institution such as an employer, trustee, or fiduciary on behalf of its clients, employees, or owners.
Retail funds are sold primarily to the general public and include funds sold predominantly to employer-sponsored retirement plans and variable annuities. If you have any questions or would like to request additional comments on this or data on another topic, please contact a member of ICI’s Media Relations team at 20 or ENDNOTESġ Data for exchange-traded funds (ETFs) and funds that invest primarily in other mutual funds were excluded from the series.Ģ Government money market funds, formerly referred to as “Treasury (including agency and repo),” are money market funds that invest in cash, securities issued by the US Treasury (including repurchase agreements collateralized fully by US Treasury securities), and securities issued or guaranteed by the US government or its agencies, and repurchase agreements for those securities.ģ ICI classifies funds and share classes as institutional or retail based on language in the fund prospectus. Weekly money market assets for the last 20 weeks are available on the ICI website. Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. ICI reports money market fund assets to the Federal Reserve each week. Among institutional funds, government money market fund assets decreased by $29.37 billion to $3.15 trillion, prime money market fund assets increased by $4.72 billion to $273.72 billion, and tax-exempt fund assets decreased by $943 million to $11.37 billion. Institutional: 3 Assets of institutional money market funds decreased by $25.60 billion to $3.43 trillion. Among retail funds, government money market fund assets decreased by $241 million to $1.35 trillion, prime money market fund assets increased by $5.45 billion to $568.76 billion, and tax-exempt fund assets increased by $30 million to $106.16 billion. Retail: 3 Assets of retail money market funds increased by $5.23 billion to $2.02 trillion.
Note: Components may not add to the total or compute to the $ change due to rounding. *Change in money market fund assets is primarily driven by flows and can be used as a proxy for net new cash flows. Tax-exempt money market funds decreased by $912 million. Among taxable money market funds, government funds 2 decreased by $29.61 billion and prime funds increased by $10.16 billion. Washington, DC July 13, 2023-Total money market fund assets 1 decreased by $20.37 billion to $5.45 trillion for the week ended Wednesday, July 12, the Investment Company Institute reported today.
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