Money market fund assets dropped by $2.18 billion in the week ended Jan. 12, the Investment Company Institute said Thursday.

Among retail funds, assets decreased by $6.58 billion to $940.65 billion, with taxable government money market fund assets in the category dropping by $1 billion to $165.84 billion, non-government money market fund assets falling by $4.24 billion to $567.55 billion and tax-exempt fund assetes decreasing by $1.34 billion to $207.27 billion.

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