Flows to money market funds rebounded in the last week. Total flows for the week ended Wednesday were $27.6 billion, reported the Investment Company Institute. The inflow is a sharp bounce back from last week when more than $41 billion were pulled from the funds.

Institutional investors dominated the activity in both weeks. This week the flow into institutional funds hit $23.45 billion after more than $30 billion was pulled from these funds last week. The bulk of this activity was in taxable funds.

Retail money funds netted $4.2 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 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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