Tax-Free Assets Fall From Record High

Fine, Jacob
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p6
Trade Publication
The article reports that tax-free money market funds had a net outflow of $5.82 billion during the week ended Monday. Their assets fell from a record high to $322.13 billion, iMoneyNet Inc. reported. The all-time high of $327.95 billion was reached a week earlier, on February 21, 2005, according to the Westborough, Massachusetts-based iMoneyNet. The funds' average weekly yield meanwhile dropped four basis points to settle at 1.29% on an annualized basis. During the week ended Tuesday, taxable funds' average weekly yield rose five basis points to 1.93%.


Related Articles

  • Tax Free Yields Shoot Up Nine Basis Points. Fine, Jacob // Bond Buyer;1/7/2005, Vol. 351 Issue 32045, p7 

    The article reports that the weekly average tax-free money market fund yields shot up nine basis points during the week ended Monday to 1.33% on an annualized basis, iMoneyNet Inc. reported. The funds meanwhile had a net outflow of $3,42 billion during the reporting period, according to the...

  • Tax-Free Funds Experience $8.31 Billion Outflow. Johnson, Matthew // Bond Buyer;1/6/2006, Vol. 355 Issue 32293, p7 

    The article reports that the U.S. tax-free market fund is experiencing an 8.31 billion dollars outflow, according to money market mutual fund data provider, iMoneyNet Inc. The recent outflow increase was due to an 8.07 billion dollars net outflow from institutional funds. There have been an...

  • Tax-Free Assets See $4 Billion Increase. Fine, Jacob // Bond Buyer;5/27/2005, Vol. 352 Issue 32142, p7 

    The article reports that, according to iMoneyNet Inc., tax-free money market fund assets rose $4 billion to $321.74 billion during the week ended Monday, May 23, 2005. The inflow was due to increases in both institutional and retail funds, which gained $2.34 billion and $1.66 billion in assets,...

  • Tax-Free Inflows Push Total to Record $312.5B. Fine, Jacob // Bond Buyer;11/12/2004, Vol. 350 Issue 32009, p6 

    Reports on the net inflow of tax-free money market funds in the U.S. during the week ended November 8, 2004. Data on money market funds from iMoneyNet Inc.; Comparison with assets in taxable funds.

  • Assets Down From Last Week's Record High. Fine, Jacob // Bond Buyer;8/18/2006, Vol. 357 Issue 32448, p7 

    The article highlights the iMoneyNet Inc. data which showed that the U.S. tax-free money market fund assets have declined $6.27 billion during the week ended August 14, 2006 from a record-high $361.42 billion. The downward move was driven mainly by institutional funds. Tax-free funds' average...

  • Assets Have Major Fall, Yields Get Minor Lift. Johnson, Matthew // Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p7 

    The article reports on iMoneyNet Inc.'s data which shows that tax-exempt money market assets declined by $3.21 billion during the week ended January 31, 2006. The decline is attributed to the equal reduction in both institutional and retail funds. The total assets in municipal money market funds...

  • Tax-Free Funds Swing Back to Positive Flow. Johnson, Matthew // Bond Buyer;12/23/2005, Vol. 354 Issue 32285, p7 

    The article reports on the iMoneyNet Inc. data which showed the recovery of tax-free money market funds for the week ended December 19, 2005. The money market funds has a net inflow of $1.12 billion the previous week and it rose to $343.32 billion. On the other hand, assets in institutional...

  • Tax-Free Assets Climb to Record High of $331.25 Billion. Fine, Jacob // Bond Buyer;7/15/2005, Vol. 353 Issue 32175, p6 

    Reports on developments concerning money market funds in the United States as of July 15, 2005. Growth of assets in tax-free money market funds, according to iMoneyNet Inc.; Bond coupon and redemption payments on July 1; Tax-free money market fund weekly cash flow and yields.

  • Tax-Exempt Assets Come Down Off Record. Johnson, Matthew // Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p7 

    The article discusses the iMoneyNet Inc.'s report on the performance of the tax-exempt money market funds for the week ended February 27, 2006. The money market assets declined to $355.14 billion from 781.3 million. The declined was due to a $622.8 million net outflow from institutional funds...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics