After a large inflow for the week ended Wednesday, Aug. 15, assets of institutional money market funds decreased by $1.06 billion to $1.686 trillion for the week ending Wednesday, Aug. 22, according to numbers from the Investment Company Institute.

Among institutional funds, taxable government money market fund assets decreased by $13.95 billion to $673.45 billion, taxable non-government money market fund assets increased by $13.72 billion to $929.43 billion, and tax-exempt fund assets decreased by $820 million to $83.09 billion, the ICI said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.