Total assets of money market mutual funds surged $34.40 billion to $3.808 trillion for the week ending Dec. 23, according to the Investment Company Institute.

Institutional money market funds saw the biggest increase, with total assets increasing by $36.15 billion to $2.527 trillion. Among institutional funds, taxable assets increased by $36.49 billion to $2.342 trillion, while tax-exempt fund assets fell $342 million to $184.33 billion.

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.