Money Funds Drop $2.5 Billion
Total money market mutual fund assets decreased by $2.54 billion to $2.575 trillion for the week ended Wednesday, according to data from the Investment Company Institute.
Institutional money market funds’ assets also dropped by $4.66 billion to $1.685 trillion. But on the retail front, money market funds increased by $2.12 billion to $890.22 billion.
