week ending Nov. 1, the Investment Company Institute reported. The gain, from $744.54 billion a week earlier, was fueled by inflows into taxable retail and institutional funds. Retail money funds increased last week by $958.9 million to $522.74 billion. Taxable retail funds rose by $1.14 billion, while tax-free portfolios lost $182.7 million. Institutional money funds gained $1.48 million in assets to close out the week with $224.24 billion. Taxable institutional funds grew by $1.54 billion while tax-exempt portfolios fell by $57.9 million. The investment institute reports the assets of money market funds to the Federal Reserve Board each week.
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