Inflows of $1.02 billion into tax-exempt money market funds boosted total net assets to $267.95 billion in the week ended Aug. 19, canceling out the previous week’s losses, according to The Money Fund Report, a service of iMoneyNet.com.
Coincidentally, the funds lost $1.02 billion of cash in the previous week when total net assets decreased to $266.94 billion.
The average, seven-day simple yield for the 421 reporting tax-exempt funds was unchanged at 0.01%, while the average maturity increased by three days to 37 days.
Among the 1.020 taxable reporting money funds, total net assets rose to $2.346 trillion after gaining $3.08 billion of new cash in the week ended Aug. 20. That compares with the prior week when $5.22 billion of inflows boosted total net assets to $2.343 trillion.
The average, seven-day simple yield for the taxable money funds remained at 0.01%, while the average maturity was unchanged at 48 days.
The combined total net assets of the 1,441 reporting money funds increased to $2.614 trillion after the arrival of $4.10 billion of inflows in the week ended Aug. 20. The flows came on the heels of inflows of $4.21 billion in the previous week when total net assets grew to $2.610 trillion.