Total money market mutual fund assets decreased by $7.84 billion to $2.732 trillion for the week ended Wednesday, March 23, according to the Investment Company Institute. Taxable government funds decreased by $8.54 billion, taxable non-government funds increased by $2.43 billion, and tax-exempt funds decreased by $1.72 billion.
Retail: Assets of retail money market funds increased by $1.42 billion to $934.65 billion. Taxable government money market fund assets in the retail category increased by $1.00 billion to $176.73 billion, taxable non-government money market fund assets increased by $1.03 billion to $553.76 billion, and tax-exempt fund assets decreased by $610 million to $204.16 billion.
Institutional: Assets of institutional money market funds decreased by $9.26 billion to $1.797 trillion. Among institutional funds, taxable government money market fund assets decreased by $9.54 billion to $615.79 billion, taxable non-government money market fund assets increased by $1.40 billion to $1.064 trillion, and tax-exempt fund assets decreased by $1.11 billion to $117.31 billion.
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