Assets invested in money market mutual funds jumped 0.9%, to $940.14 billion, in the week that ended Jan. 22, the Investment Company Institute reported.

Gains were concentrated in portfolios for institutional investors. Assets in these funds climbed 2.9%, to $316.67 billion, during the week. That includes $285.05 billion in taxable funds, up 3.1%, and $31.62 billion in tax-exempt funds, up 0.3%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.