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.

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