Money Funds Gain $940 Million
Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, according to data from the Investment Company Institute.
Retail money market funds lost $1.55 billion this past week whereas institutional money market funds gained $2.49 billion. Among institutional funds, taxable government money market fund assets decreased by $370 million to $668.02 billion, taxable non-government money market fund assets increased by $3.70 billion to $936.81 billion, and tax-exempt fund assets decreased by $850 million to $79.91 billion.
