NEW YORK (AP) — Total U.S. money market mutual fund assets rose $16.46 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 fell $2.35 billion to $933.62 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category fell $1.96 billion to $740.38 billion. Tax-exempt retail fund assets fell $390 million to $193.24 billion.
Meanwhile, assets of institutional money market funds rose $18.81 billion to $1.705 trillion. Among institutional funds, taxable money market fund assets rose $19.48 billion to $1.612 trillion; assets of tax-exempt funds fell $670 million to $93.75 billion.
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