Institutional and retail investors continue to seek safety in money market mutual funds, with total assets of money market mutual funds rising by $9.42 billion to $3.888 trillion for the week ending Feb. 25, according to the Investment Company Institute.

Taxable assets in retail money market funds rose $2.48 billion to $1.054 trillion, while tax-exempt assets fell by $2.17 billion to $289.76 billion. Total retail fund assets rose $1.09 billion to $1.344 trillion.

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.