Money market fund assets rose $6.38 billion during the week ending Wednesday, Dec. 5, the Investment Company Institute reported today. That increased total money market fund assets to $2.357 trillion.

Assets of retail money market funds increased by $2.44 billion to a total of $1.103 trillion last week, according to the ICI. The vast majority of that ($2.33 billion) came in tax-exempt funds, which rose 1.2% to 192.87 billion. Taxable retail money market funds increased just $111.0 million

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.