Total money market mutual fund assets increased by $5.32 billion to $2.652 trillion for the week ended Wednesday, March 13, according to the Investment Company Institute.
Taxable government funds increased by $1.95 billion, taxable non-government funds increased by $4.97 billion, and tax-exempt funds decreased by $1.60 billion.
Retail money market funds dropped $1.36 billion to $911.61 billion. Taxable government money market fund assets fell by $270 million to $195.15 billion, taxable non-government money market fund assets fell by $320 million to $520.12 billion, and tax-exempt fund assets decreased by $760 million to $196.34 billion.
On the institutional front, money market funds increased by $6.68 billion to $1.740 trillion. Among institutional funds, taxable government money market fund assets increased by $2.23 billion to $707.32 billion, taxable non-government money market fund assets increased by $5.29 billion to $951.71 billion, and tax-exempt fund assets decreased by $840 million to $80.97 billion.