Flows to money market funds were flat in the past week as redemptions by retail investors offset buys by institutions. Altogether, the Investment Company Institute pegged flows at $106 million for the week ending Wednesday, April 25, 2002.

Retail investors pulled $11.17 billion from funds. Those flows were split between taxable and tax-exempt funds. The period is the first since the April 15 tax deadline.

Institutional money funds netted $11.9 billion for the week while tax-exempt institutional funds saw a modest outflow.

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