Money Funds Top $2.7 Trillion
Total money market mutual fund assets increased by $37.78 billion to $2.705 trillion for the week ended Wednesday, January 2, according to the Investment Company Institute.
Institutional money market funds’ assets increased by $23.89 billion to $1.762 trillion. Among institutional funds, taxable government money market fund assets increased by $24.99 billion to $727.06 billion, taxable non-government money market fund assets decreased by $4.18 billion to $947.21 billion, and tax-exempt fund assets increased by $3.08 billion to $87.24 billion.
