After reaching the highest total ever in mid-December, money market mutual fund assets fell for the third straight week, according to the Investment Company Institute.

Total money market fund assets dropped by more than $40 billion to $2.306 trillion during the week ending Wednesday, Jan. 2. In all, total assets have dropped $77 billion since they reached its peak of $2.383 trillion in the week ending Dec. 12, according to the ICI.

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.