Money market mutual funds gathered $23.82 billion for the week ended Wednesday, July 10, increasing their overall assets to $2.620 trillion, according to the Investment Company Institute.

Assets of institutional money market funds increased by $24.76 billion to $1.692 trillion. However, retail money market funds’ assets dropped by $940 million to $927.86 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.