Money market mutual fund assets fell $12.83 billion in the week ended Aug. 12, with the bulk of the redemptions coming from retail investors, the Investment Company Institute said.

Retail money fund assets fell $11.43 billion to $1.179 trillion. In this category, assets of taxable funds fell $8.15 billion to $921.02 billion. Tax-exempt funds fell $3.29 billion to $257.61 billion.

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