Assets in money market funds continued to climb last week to yet another record, fueled by gains in both retail and institutional categories.

As of July 26, these funds held $724.6 billion, or $1.74 billion more than in the previous week, according to the Investment Company Institute, the fund industry's trade group.

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.