Total money market mutual fund assets dropped by $27.47 billion to $2.595 trillion for the week ended Wednesday, April 17, according to the Investment Company Institute.

Retail money market funds lost $1.89 billion to $903.56 billion and institutional money market funds redeemed $25.58 billion to $1.691 trillion. Taxable government money market fund assets in the retail category increased by $10 million to $193.47 billion, taxable non-government money market fund assets decreased by $40 million to $518.15 billion, and tax-exempt fund assets decreased by $1.87 billion to $191.94 billion.

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