Money market funds lost $8 billion in the week ended April 29, bringing total assets to $3.798 trillion, the Investment Company Institute said.

Taxable government funds decreased by $4.95 billion, taxable non-government funds increased by $2.14 billion, and tax-exempt funds decreased by $5.19 billion.

Retail money market funds lost $15.33 billion, and now stand at $1.296 trillion. In this category, taxable government money market funds decreased by $4.74 billion to $226.69 billion, taxable non-government funds had net redemptions of $6.01 billion and now stand at $793.4 billion, and tax-exempt fund assets decreased by $4.59 billion to $275.86 billion.

Among institutional money market funds, investors bought a net increase of $7.33 billion, with assets now standing at $2.502 trillion. In this category, taxable government money market fund assets decreased by $210 million to $1.115 trillion, taxable non-government money market fund assets increased by $8.15 billion to $1.2 trillion, and tax-exempt fund assets decreased by $609 million to $187.48 billion.

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