Data Update: Money Market Funds and the Eurozone Debt Crisis

By Sean Collins and Chris Plantier

December 02, 2011

In October, we discussed how portfolio managers of U.S. prime money market funds have addressed the ongoing debt crisis in the eurozone. Here is a look at the latest monthly data on these funds’ holdings by home country of issuer. We will revisit the topic in mid-December with updated analysis once November figures become available.

U.S. Prime Money Market Funds’ Holdings of Eurozone Issuers

Percentage of prime funds’ total assets, end of month

Note: Data exclude prime money market funds not registered under the Securities Act of 1933.

Sources: Investment Company Institute tabulation of publicly available Form N-MFP data prior to May 2011; ICI tabulation of data provided by Crane Data thereafter

Prime Money Market Funds’ Holdings by Home Country of Issuer

October 31, 2011

Country Billions of dollars Percentage of assets
World Total $1,293.1 100%
Europe 512.2 39.5
Eurozone 225.1 17.4
France 94.4 7.3
Germany 64.9 5.0
Netherlands 58.2 4.5
Belgium 4.2 0.3
Austria 2.1 0.2
Spain 0.7 0.1
Luxembourg 0.5 0.0
Italy 0.1 0.0
Non-eurozone 287.1 22.1
UK 132.5 10.2
Switzerland 65.8 5.1
Sweden 63.4 4.9
Norway 19.8 1.5
Denmark 5.6 0.4
Americas 571.3 44.2
USA 449.0 34.7
Canada 121.9 9.4
Chile 0.4 0.0
Asia and Pacific 196.5 15.2
AUS/NZ 102.9 8.0
Japan 93.0 7.2
India 0.6 0.0
Korea 0.0 0.0
Supranational 0.5 0.0
Unclassified 12.6 1.0

Note: Calculations are based on a sample of 95 funds, representing an estimated 89.8 percent of prime funds' assets.

Source: Investment Company Institute tabulation of data provided by Crane Data

For more on money market funds, please visit ICI’s Money Market Funds Resource Center.

Sean Collins is ICI’s Senior Director of Industry and Financial Analysis and Chris Plantier is an ICI Senior Economist.