About UPI  |  My Account  |  UPI en Español
Free News Update:
Sign up
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Video
  • News Photos
Search:
Go
Bookmark this Page
You are here:  Home / Business News / Investors add to money market funds

Business News

View archive | RSS Feed

Investors add to money market funds

Published: Dec. 30, 2004 at 11:39 AM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment
WASHINGTON, Dec. 30 (UPI) -- The Money Fund Report shows U.S. investors added $2.29 billion to money-market funds during the week ended Tuesday.

The additional funds brought the total net assets to $1.917 trillion.

The Money Fund said institutional investors added $6.19 billion, while individual investors pulled out $3.9 billion.

Assets in taxable money funds rose $3 billion to $1.6 trillion. Institutional investors put in $5.58 billion, and retail investors pulled out $2.58 billion.

The average seven-day simple yield for taxable funds rose to 1.60 percent from 1.58 percent. The average seven-day compound yield, which assumes reinvestment of dividends, rose to 1.62 percent from 1.59 percent. Thirty-day simple yields rose to 1.52 percent from 1.47 percent last week, while 30-day compound yields jumped to 1.53 percent from 1.48 percent.

The Money Fund said the average maturity of investments in taxable funds, which include commercial paper and Treasury bills, fell to 39 days from 40 days.


News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Most Popular
Stories
Photos
Videos
1.
'Please remove your laptop' may go away
2.
Kindle seen as transitional technology
3.
Site tests for Web crashes
4.
Wal-Mart to unveil new logo
5.
Crude oil prices retreat from record
Advertise on UPI.com
Videos
Enlarge Video
Get the Flash Player to see this player.
Bush signs war spending bill
Friday, July 4
Young Americans speak out about D.C. voting rights
Young Americans speak out about D.C. voting rights
Thursday, July 3
Home funerals: Tending to their own
Home funerals: Tending to their own
Thursday, July 3
Students say 'I do' to wedding class
Students say 'I do' to wedding class
Tuesday, June 10
© 2008 United Press International, Inc. All Rights Reserved.
United Press International, UPI, the UPI logo, and other trademarks and service marks, are registered or unregistered trademarks of United Press International, Inc. in the United States and in other countries.
Search: Go
Official_Government_Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us
Sponsored Links: College Football Tickets - prom dresses - Prom dresses and gowns - tattoos - Wedding and Honeymoon Experts - Auto Dealers - Conventions - Trade Shows - Conferences - Motivational Sports Speakers Bureau - Press Release Services - Real Estate Properties in the world