NEW YORK (AP) — Total U.S. money market mutual fund assets fell $1.98 billion to $2.634 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds fell $1.18 billion to $944.24 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category fell $1.21 billion to $750.73 billion. Tax-exempt retail fund assets rose $30 million to $193.51 billion.
Meanwhile, assets of institutional money market funds fell $810 million to $1.690 trillion. Among institutional funds, taxable money market fund assets rose $1.1 billion to $1.595 trillion; assets of tax-exempt funds fell $1.91 billion to $95.21 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
Already have an account? Sign In Now
© 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.
