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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (21339)	12/10/1999 9:59:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 52051

AP Online, Dec 9 18:39 Mutual Fund Assets Are $1.6 Tril. NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $4.74 billion in the latest week to $928.81 billion, the Investment Company Institute said Thursday. Assets of taxable money market funds in the retail category rose by $2.53 billion to $771.86 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets rose by $2.22 billion to $156.95 billion. Assets of institutional money market funds rose by $22.24 billion to $675.84 billion for the same period. Among institutional funds, taxable money market fund assets rose by $21.55 billion to $624.61 billion; assets of tax-exempt funds rose by $695.5 million to $51.23 billion. Total money market assets stood at $1.605 trillion for the week. Assets for the previous week were revised to $1.578 trillion to reflect reporting errors and a change in the number of funds reporting. The seven-day average yield on money market mutual funds remained unchanged in the week ended Tuesday at 5.03 percent from the previous week, said IBC's Money Fund Report, a trade journal published in Ashland, Mass., by IBC Financial Data Inc. The 30-day average yield rose to 4.96 percent from 4.92 percent, IBC Financial Data said. The seven-day compounded yield remained unchanged at 5.16 percent from the previous week, and the 30-day compounded yield rose to 5.09 percent from 5.04 percent, IBC Financial Data said. The average maturity of the portfolios held by money funds kept at 54 days, IBC Financial Data said. The online service bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts rose to 2.08 percent as of Wednesday from 2.07 percent a week earlier. The North Palm Beach, Fla.-based unit of Intelligent Life Corp. said the annual percentage yield available on interest-bearing checking accounts held steady at 0.83 percent. Bankrate.com said the annual percentage yield was 4.61 percent on six-month certificates of deposit, up from 4.56 percent the previous week. Yields were 4.92 percent on 1-year CDs, up from 4.91 percent; unchanged at 5.16 percent on 2 1/2-year CDs; and 5.44 percent on 5-year CDs, up from 5.42 percent. Companies or Securities discussed in this article: Symbol Name NASDAQ:ILIF Intelligent Life Corporation