Money market mutual fund assets dropped by $15.20 billion to $2.590 trillion for the week ended Wednesday, April 4, according to data from the Investment Company Institute.
Taxable government funds fell by $8.35 billion, taxable non-government funds decreased by $7.89 billion, but tax-exempt funds increased by $1.04 billion.
On the retail front, assets of retail money market funds dipped by $80 million to $908.16 billion. Taxable government money market fund assets also decreased by $530 million to $188.18 billion while taxable non-government money market fund assets decreased by $670 million to $526.32 billion. But tax-exempt fund assets increased by $1.12 billion to $193.66 billion.
Assets of institutional money market funds decreased by $15.13 billion to $1.682 trillion. Among institutional funds, taxable government money market fund assets decreased by $7.82 billion to $685.19 billion, taxable non-government money market fund assets decreased by $7.22 billion to $904.75 billion, and tax-exempt fund assets decreased by $90 million to $91.65 billion.
