Institutions continued to seek safety in money market mutual funds in the latest week, and total assets of the funds grew by $27.13 billion to reach $3.922 trillion for the week ending Jan. 13, according to the Investment Company Institute.

Retail money market mutual fund assets fell by $4.07 billion to $1.364 trillion. Among retail funds, taxable assets fell $1.68 billion to $1.059 trillion and tax-exempt assets fell $2.39 billion to $304.79 billion.

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