Money market funds took in an additional $11.30 billion in the week ended Jan. 28, the Investment Company Institute reported, for total assets of $3.904 trillion.
Retail money market fund assets fell, however, by $5.70 billion to $1.352 trillion, and institutional money market fund assets rose by $16.99 billion to $2.552 trillion.
Among retail funds, taxable government money market fund assets decreased by $1.09 billion to $253.72 billion, and taxable non-government money market fund assets fell by $182 million to $801.38 billion. Tax-exempt assets fell by $4.42 billion to $297.32 billion.
Among institutional funds, taxable government money market funds took in an additional $8.56 billion, for a total of $1.199 trillion. Taxable non-government assets also increased, by $10.60 billion, to $1.163 trillion. Tax-exempt institutional fund assets fell by $2.17 billion to $189.88 billion.