Total money market mutual fund assets decreased by $1.38 billion to $2.562 trillion for the week ended Wednesday, October 10, according to theInvestment Company Institute.
Assets of retail money market funds decreased by $2.90 billion to $886.96 billion but assets of institutional money market funds increased by $1.52 billion to $1.675 trillion.
Among institutional funds, taxable government money market fund assets decreased by $3.70 billion to $670.47 billion, taxable non-government money market fund assets increased by $6.49 billion to $924.21 billion, and tax-exempt fund assets decreased by $1.27 billion to $80.78 billion.
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