Money Market Funds Lose $10B

Total money market mutual fund assets decreased by $10.68 billion to $2.554 trillion for the week ended Wednesday, June 13, according to the Investment Company Institute.

Taxable government funds increased by $2.63 billion, taxable non-government funds decreased by $11.16 billion, and tax-exempt funds decreased by $2.16 billion.

Also, assets of retail money market funds decreased by $550 million to $890.20 billion. And assets of institutional money market funds dropped by $10.13 billion to $1.664 trillion.

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