Investors continued to gradually move out of the safety of money market funds and into the equity markets, as total assets of money market mutual funds dropped $16.33 billion to $3.747 trillion for the week ending June 10, according to the Investment Company Institute.

Retail money market fund assets fell $16.43 billion to $1.242 trillion. Among retail funds, taxable assets fell by $13.83 billion to $970.93 billion, while tax-exempt assets fell $2.60 billion to $271.08 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.