WASHINGTON - The Investment Company Institute said assets of all categories of retail money market funds rose in the week ended Aug. 19.

Assets of the 602 retail funds increased by $1.94 billion, to $389.61 billion.

The increase followed a gain of $3.19 billion in the preceding week.

The 274 institutional money market funds decreased by $1.53 billion, to $218.37 billion. Among institutional funds, the 220 taxable money market funds shrank by $1.53 billion, to $196.87 billion; 54 tax-exempt funds climbed by $5 million, to $21.5 billion.

Assets of the 373 taxable money market funds in the retail category rose by $1.81 billion, to $311.05 billion; the 229 tax-exempts climbed by $127.4 million, to $78.56 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.