Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

Retail money market funds assets climbed $1.52 billion to $895.16 billion. Taxable government money market fund assets in the retail category decreased by $20 million to $193.43 billion, taxable non-government money market fund assets increased by $990 million to $513.86 billion, and tax-exempt fund assets increased by $550 million to $187.87 billion.

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