NEW YORK (AP) — Total U.S. money market mutual fund assets rose $12.2 billion to $2.613 trillion for the week that ended Wednesday, according to the Investment Co. Institute.
Assets of the nation's retail money market mutual funds rose $1.52 billion to $895.16 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $970 million to $707.29 billion. Tax-exempt retail fund assets rose $550 million to $187.87 billion.
Meanwhile assets of institutional money market funds rose $10.68 billion to $1.718 trillion. Among institutional funds, taxable money market fund assets rose $12.13 billion to $1.648 trillion. Assets of tax-exempt funds fell $1.45 billion to $70.68 billion.
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