Short Takes: Money Fund Assets Drop 0.82% in Week

Assets in money market funds fell 0.82%, to $1.45 trillion for the week that ended June 16, the Investment Company Institute reported. Retail assets fell 0.26%, to $864.56 billion. Taxable money funds in that category dropped 0.24%, to $716.81 billion, and tax-exempt funds fell 0.35%, to $147.75 billion.

Institutional money market assets were down 1.59%, to $589.21 billion. Taxable funds in that category fell 1.57%, to $540.89 billion, and tax- exempt funds fell 1.85%, to $48.32 billion.

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