Short Takes: Money Market Funds Rose 1.6% in Week

Money market mutual fund assets rose 1.60%, to $1.52 trillion, for the week that ended Oct. 6, the Investment Company Institute reported.

Assets in retail money funds rose 1.06%, to $904.71 billion, in the period. Taxable assets in that category increased 0.83%, to $752.78 billion, and nontaxable assets jumped 2.25%, to $151.94 billion.

Institutional money fund assets rose 2.47%, to $615.40 billion. Taxable assets in that category increased 2.297%, to $566.99 billion, and tax-exempt funds jumped 4.62%, to $48.42 billion.

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