Total money market mutual fund assets increased by $16.81 billion to $2.727 trillion for the week ended Wednesday, April 27, the Investment Company Institute reported. Taxable government funds increased by $870 million, taxable non-government funds increased by $20.81 billion, and tax-exempt funds decreased by $4.88 billion.
Retail: Assets of retail money market funds decreased by $10.02 billion to $907.37 billion. Taxable government money market fund assets in the retail category decreased by $3.16 billion to $169.08 billion, taxable non-government money market fund assets decreased by $2.45 billion to $542.94 billion, and tax-exempt fund assets decreased by $4.42 billion to $195.35 billion.
Institutional: Assets of institutional money market funds increased by $26.83 billion to $1.820 trillion. Among institutional funds, taxable government money market fund assets increased by $4.03 billion to $607.85 billion, taxable non-government money market fund assets increased by $23.26 billion to $1.102 trillion, and tax-exempt fund assets decreased by $460 million to $109.66 billion.
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