Assets of money market mutual funds fell 0.18%, to $1.3408 trillion, in the week that ended Wednesday, the Investment Company Institute said.

Assets of funds for institutional investors fell 0.88%, to $535.56 billion. That includes $487.76 billion in taxable funds, down $5.57 billion, and $47.81 billion in tax-exempt funds, up $837 million.

On the retail side, assets rose 0.27%, to $805.27 billion. Taxable funds held $662.96 billion, up $598 million. Tax-exempt funds held $142.32 billion, up $1.58 billion.

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