Money Fund Assets Off Slightly in Week

Assets of money market mutual funds scarcely moved in the week ended Nov. 26, according to the Investment Company Institute.

Assets totaled $894.84 billion, down less than 1%.

Those in retail money market funds dipped to $603.40 billion, down just 0.2%. Assets in the 403 taxable retail money market funds fell 0.1% to $492.41 billion. The 257 tax-exempt retail funds dipped 0.4% to $110.99 billion.

Assets of the 308 institutional money market funds did not budge much either, decreasing 0.6% to $291.4 billion during the same period.

Taxable institutional money markets dropped 0.4% to $262.20 billion. Tax-exempt funds dropped 0.3%.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER