Assets Ease in Money-Market Mutual Funds

Note: These are info about percentage in marketing mutual funds.

NEW YORK -- Investors to money-market funds subtracted $34.53 billion in the week ended Tuesday, bringing total net assets to $3.416 trillion, according to the Money Fund Report.

Institutional investors withdrew $11.93 billion, while individual, or retail, investors withdrew $22.60 billion.

Assets in taxable money funds fell $29.43 billion to $2.926 trillion.

The average seven-day simple yield for taxable funds fell to 2.01% from 2.08%. The average seven-day compound yield, which assumes reinvestment of dividends, declined to 2.03% from 2.10%. Thirty-day simple yields dropped to 2.12% from 2.16%, while 30-day compound yields fell to 2.14% from 2.19%.

The fund with the highest seven-day compound yield among retail taxable general-purpose money funds was Touchstone MMF/CL at 3.01%, followed by Dreyfus BASIC MMF at 2.94% and Morgan Stanley ActiveAssets MT at 2.93%.

About $5.09 billion was withdrawn from tax-free funds, putting total tax-free assets at $489.61 billion.

The average seven-day simple yield for nontaxable funds rose to 1.95% from 1.64%. The average seven-day compound yield, which assumes reinvestment of dividends, increased to 1.97% from 1.66%. The average 30-day simple yield rose to 1.66% from 1.64%, and the average 30-day compound yield increased to 1.68% from 1.66%.

The fund with the highest seven-day compound yield among retail tax-free money-market funds was Alpine Municipal MMF/Investor at 2.92%.

Note: These percentage will help you decide the percentage you want in your mutual funds.