Total money market mutual fund assets decreased by $36.18 billion to $2.710 trillion for the week ended Wednesday, April 20, the Investment Company Institute reported. Taxable government funds decreased by $16.99 billion, taxable non-government funds decreased by $14.20 billion, and tax-exempt funds decreased by $4.99 billion.
Retail: Assets of retail money market funds decreased by $1.87 billion to $917.21 billion. Taxable government money market fund assets in the retail category decreased by $1.16 billion to $172.24 billion, taxable non-government money market fund assets increased by $1.01 billion to $545.21 billion, and tax-exempt fund assets decreased by $1.71 billion to $199.76 billion.
Institutional: Assets of institutional money market funds decreased by $34.31 billion to $1.793 trillion. Among institutional funds, taxable government money market fund assets decreased by $15.82 billion to $603.78 billion, taxable non-government money market fund assets decreased by $15.21 billion to $1.079 trillion, and tax-exempt fund assets decreased by $3.28 billion to $110.12 billion.
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