Money Fund Assets Up 0.7% for Week

ending Nov. 8, the Investment Company Institute reported. The gain, from the revised figure of $746.87 billion the previous week, resulted from inflows into retail and institutional portfolios. Assets in retail money funds increased by $3.88 billion to $526 billion for the week. Taxable retail portfolios grew by $2.82 billion, while tax- exempt accounts increased by $1.06 billion. Institutional funds also gained assets, jumping by $1.26 billion to $225.42 billion. Taxable portfolios rose by $790.9 million, while tax-free funds gained $466.4 million. The institute, a Washington-based trade group representing mutual fund companies, based its finding on a survey of 978 money market funds.