While institutional investors unloaded a net $2.14 billion in money market fund assets in the week ended April 22, retail investors rushed to safety, placing $3.77 billion in money market funds, bringing the category’s total AUM to $2.451 trillion, according to iMoneyNet’s Money Fund Report, Dow Jones reports.


Taxable money market funds’ assets rose by $8.90 to $2.956 trillion, while tax-free money market fund assets lost $7.27 trillion, leaving that category’s total AUM at $494.71 billion as of Tuesday.


The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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