Short Takes: Money Fund Assets Up 0.8% for Week

Assets in money market mutual funds jumped 0.8% to $814.84 billion for the week ending March 6, according to the Investment Company Institute.

The gains were fueled by inflows into both retail and institutional funds.

Assets in retail funds increased by $3 billion during the week to $564.14 billion. Taxable retail funds gained $1.24 billion, while tax-free retail funds increased by $1.76 billion.

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