Despite subprime woes and credit crunch complications, money-market mutual-fund assets increased by $2.48 billion to $3.113 trillion in the week ended Wednesday, up from an adjusted $3.111 trillion, according to the Investment Company Institute.

Assets of the 842 retail-class shares increased by $5.42 billion to $1.161 trillion, according to an institute report. Among retail-class shares, assets of the 546 taxable shares increased by $2.42 billion to $878.31 billion, and assets of the 296 tax-exempt shares increased by $3 billion to $282.46 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.