Total money market mutual fund assets decreased by $410 million to $2.727 trillion for the week ended Wednesday, May 4, the Investment Company Institute reported . Taxable government funds decreased by $3.52 billion, taxable non-government funds decreased by $1.05 billion, and tax-exempt funds increased by $4.16 billion.
Retail: Assets of retail money market funds decreased by $670 million to $906.69 billion. Taxable government money market fund assets in the retail category decreased by $1.86 billion to $167.22 billion, taxable non-government money market fund assets decreased by $840 million to $542.10 billion, and tax-exempt fund assets increased by $2.03 billion to $197.37 billion.
Institutional: Assets of institutional money market funds increased by $260 million to $1.820 trillion. Among institutional funds, taxable government money market fund assets decreased by $1.67 billion to $606.18 billion, taxable non-government money market fund assets decreased by $200 million to $1.102 trillion, and tax-exempt fund assets increased by $2.13 billion to $111.80 billion.
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