ICI updates money market mutual fund assets

Total money market mutual fund assets increased by $9.56 billion to $2.748 trillion for the week ended Wednesday, May 25, the Investment Company Institute reported. Taxable government funds increased by $3.96 billion, taxable non-government funds increased by $7.53 billion, and tax-exempt funds decreased by $1.94 billion.

Retail: Assets of retail money market funds increased by $90 million to $910.44 billion. Taxable government money market fund assets in the retail category decreased by $10 million to $168.31 billion, taxable non-government money market fund assets increased by $660 million to $545.19 billion, and tax-exempt fund assets decreased by $560 million to $196.94 billion.