Total money market mutual fund assets increased by $6.22 billion to $2.665 trillion in the week ended Feb. 22, the Investment Company Institute reported.
Taxable government funds decreased by $9.86 billion, taxable non-government funds increased by $16.02 billion, and tax-exempt funds increased by $60 million.
Assets of retail money market funds increased by $1.96 billion to $922.91 billion. Taxable government money market fund assets in the retail category increased by $200 million to $193.97 billion, taxable non-government money market fund assets increased by $1.03 billion to $534.30 billion, and tax-exempt fund assets increased by $730 million to $194.64 billion.
On the institutional front, assets of institutional money market funds increased by $4.25 billion to $1.743 trillion. Among institutional funds, taxable government money market fund assets decreased by $10.07 billion to $713.02 billion, taxable non-government money market fund assets increased by $14.99 billion to $934.30 billion, and tax-exempt fund assets decreased by $670 million to $95.26 billion.
Hung Tran writes for Money Management Executive.
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