Assets in money market mutual funds remained flat at $796.56 billion in the week ending May 1, according to the Investment Company Institute.

A small decline in assets in money market funds sold to retail investors was offset by a slight increase in assets in institutional money market funds, the mutual fund trade group said.

In retail money market funds, assets declined less than 1%, to $557.3 billion. Assets in retail tax-exempt funds fell 1.1%, to $104 billion, while taxable retail money market fund assets remained flat at $453.3 billion.

On the institutional side, assets rose less than 1%, to $239.26 billion. Assets of the 230 taxable money market funds grew by $1.33 billion, to $213.81 billion.

The 58 tax-exempt funds jumped 2%, to $25.45 billion.

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