The Investment Company Institute’s weekly look at money market fund assets showed a slight drop, from $1.982 trillion on Wednesday, August 4, to $1.976 trillion on Wednesday, August 11. The decrease of $5.94 billion was due mostly to institutional money market funds’ losses, which tallied $4.77 billion.

Retail money market funds dipped $1.17 billion to $849.98 billion, with taxable assets dropping $366.3 million to $657.23 billion, according to the mutual fund industry’s lobbying group.

Between the weeks of July 21, and July 28, money market fund assets dropped from $1.987 billion to $1.977 billion. However, they did move back up to $1.982 billion last week before hitting their four-week low of $1.976 billion this week.

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.