Both retail and institutional money market fund investors withdrew money in the week ended April 15, with the category losing $28.49 billion, the Investment Company Institute said. Total assets now stand at $3.818 trillion.
Taxable government funds decreased by $18.02 billion, taxable non-government funds decreased by $4.86 billion, and tax-exempt funds decreased by $5.61 billion.
Retail money market fund investors took out $7.24 billion, leaving a balance of $1.328 trillion. In this category, taxable government money market funds fell by $3.13 billion to $236.23 billion. Taxable non-government money market fund assets decreased by $3.28 billion to $806.53 billion. And tax-exempt assets decreased by $830 million to $284.82 billion.
Among institutional investors, assets in money market funds decreased by $21.25 billion to $2.490 trillion. Taxable government money market fund assets decreased by $14.89 billion to $1.118 trillion, taxable non-government money market fund assets decreased by $1.58 billion to $1.182 trillion, and tax-exempt fund assets decreased by $4.78 billion to $189.37 billion.