About MMF Industry
Money market funds are a global industry, with funds promoted in many countries. Total European money fund assets came to over US$1.2 trillion as at the end of 2016. Assets managed in IMMFA funds were US $626.5 billion at that date, representing total assets in European constant net asset value funds.
In the US, assets in SEC Rule 2a-7 money market funds came to about US$2.7 trillion at the same date.
US money market fund reforms were concluded in October 2016. European money market fund reforms were published in final form on 30 June 2017, with a final implementation date of 21 January 2019.