A push by institutional investors toward cash helped the total amount of money market mutual funds climb by $1.62 billion to reach $3.579 trillion for the week ending Aug. 27, the Investment Company Institute said.

Institutional investors poured $8.13 billion into money funds for the week, reaching $2.411 trillion in total assets. Among institutional funds, taxable money fund assets surged $9.01 billion to $2.226 trillion, while tax-exempt funds fell by $880 million to $185.7 billion.

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