MutualFundWire.com: Money Funds Drop $6.5 Billion
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Friday, May 17, 2002

Money Funds Drop $6.5 Billion


Flows to money market funds fell slightly in the last week. Total outflows for the week ended Wednesday were $6.45 billion, reported the Investment Company Institute.

In a reversal from last week, retail funds saw more activity than retail funds. This week the flow out of institutional funds was $1.36 billion after while the flows out of retail money funds were $5.09 billion for the week.

Money Fund Flows ($ mm)
Week of Total Net Flows Retail Net Flows Institutional Net Flows
Taxable Tax-Exempt Taxable Tax-Exempt
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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