Money market mutual funds regained some ground in the week that ended Feb. 8, as assets rose 0.2%, to $645.09 billion, the Investment Company Institute reported.

The $1.24 billion uptick came on the heels of a $10 billion drop in money market assets during the preceding week. That runoff coincided with a move by the Federal Reserve to raise two key interest rates by 50 basis points.

The latest week's gains were concentrated in money funds for retail investors. These funds rose $1.79 billion, to $456.41 billion. But assets of funds for institutional investors were off by $544.3 million, to $188.68 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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