Money Funds Gain $940 Million

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Taxable government funds decreased by $520 million, taxable non-government funds increased by $2.85 billion, and tax-exempt funds decreased by $1.39 billion.

Retail money market funds lost $1.55 billion this past week whereas institutional money market funds gained $2.49 billion. Among institutional funds, taxable government money market fund assets decreased by $370 million to $668.02 billion, taxable non-government money market fund assets increased by $3.70 billion to $936.81 billion, and tax-exempt fund assets decreased by $850 million to $79.91 billion.

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