Money market mutual fund assets totaled $2.07 trillion for the week ended Wednesday, April 25, according to the Investment Company Institute.
The total represents an increase of $8.04 billion from the previous week.
The increase was largest in the institutional money market fund category. In the institutional category, total assets rose by $30.24 billion to $974.70 billion, an increase of three percent. Taxable money market fund assets in the institutional category rose by $29.97 billion to $914.40. Tax-exempt fund assets increased by $271.2 million to $60.29 billion.
Assets of retail money market funds dropped by $22.20 billion to $1.095 trillion for the week, according to the Institute. That represents a drop of almost two percent. Tax-exempt fund assets in the retail category decreased by $6.65 billion to $183.63 billion, a decrease of 3.5 percent. Taxable money market fund assets fell by just 1.7 percent, down $15.55 billion to $911.56 billion.
The rise in total money market mutual fund assets this past week follows a drop of $30 billion for the week ended April 18.
