Assets in money market mutual funds fell 0.61%, to $1.489 trillion, for the week that ended Aug. 11, the Investment Company Institute reported.
Retail money fund assets rose 0.30%, to $887.90 billion. Taxable assets in that category increased 0.41%, to $736.62 billion, and tax-exempt funds fell 0.24%, to $151.28 billion. Assets in institutional money funds increased 1%, to $600.93 billion. Taxable assets in that category rose 1.2%, to $552.49 billion; tax-exempt assets fell 1.17%, to $48.44 billion.