Total assets of money market mutual funds rose by $2.33 billion to $3.79 trillion for the week ending May 13, according to the
Retail investors took out $13.47 billion from money funds, leaving that category with $1.276 trillion. Tax-exempt retail fund assets fell $1.81 billion to $274.46 billion.
Total assets of institutional money market funds rose by $15.8 billion to $2.514 trillion during the same week. Among institutional funds, taxable assets rose by $13.1 billion to $2.324 trillion and tax-exempt assets rose $2.71 billion to $190.4 billion.
The seven-day average yield on money market funds fell from 0.19% to 0.18% during the week ending May 12, according to
The seven-day compounded yield also fell from 0.19% to 0.18% during the same period, and the 30-day compounded yield fell from 0.20% to 0.19%.
The average maturity of money fund portfolios was at 51 days, up from 49 the previous week.
