Assets of money market funds increased by $10.55 billion in the week ended Wednesday, Sept. 8, bringing total assets to $2.839 trillion, the Investment Company Institute said Thursday.
While taxable government funds did not budge, remaining with assets of $836.8 billion, taxable non-government funds increased by $9.91 billion, and tax-exempt funds increased by $640 million.
Among retail funds, assets rose by $3.07 billion to $969.07 billion. Taxable government retail funds saw $370 million in inflows, bringing the total to $170.18 billion. Taxable non-government funds had $1.16 billion in inflows, for a total now of $591.91 billion, and tax-exempt fund assets increased by $1.53 billion to $206.98 billion.
Institutional money market fund assets increased by $7.48 billion, to $1.869 trillion. Taxable government money market fund assets dipped by $370 million, to $666.20 billion, and taxable non-government assets rose by $8.75 billion to $1.074 trillion. In the tax-exempt category, investors redeemed a net $890 million, bringing that total down to $129.34 billion.