NEW YORK (AP) — Total U.S. money market mutual fund assets rose $4.87 billion to $2.639 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

Assets of the nation's retail money market mutual funds rose $5.73 billion to $942 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category rose $3.86 billion to $748.84 billion. Tax-exempt retail fund assets rose $1.88 billion to $193.16 billion.

Meanwhile, assets of institutional money market funds fell $860 million to $1.697 trillion. Among institutional funds, taxable money market fund assets fell $2.2 billion to $1.600 trillion; assets of tax-exempt funds rose $1.34 billion to $97.68 billion.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Advisor Sales Strategies