Money fund assets rise to $2.727T in latest week

NEW YORK (AP) — Total money market mutual fund assets increased $16.81 billion to $2.727 trillion for the week, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds fell $10.02 billion in the latest week to $907.37 billion.

Assets of taxable money market funds in the retail category fell $5.61 billion to $712.02 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets fell by $4.42 billion to $195.35 billion.

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