U.S. money market fund assets grew 0.6% during the week that ended Dec. 30, to a record $3.759 trillion, according to Informa PLC's Money Fund Report.

Taxable money market fund assets rose 0.7%, to a record $3.268 trillion, while tax-free assets increased 0.3%, to $491.81 billion, according to the report, published last week.

The average yield on taxable money market funds fell 4 basis points, to 0.76%. The average tax-free yield increased 15 basis points, to 0.87%.

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