After two weeks of topsy-turvy excitement, the market for money market mutual funds quieted down during the week ending Feb. 14.
The asset base in U.S. money market funds stood virtually still, rising only $110 million to reach $795.15 billion, according to the Investment Company Institute.
Assets in retail funds increased by $2.05 billion to reach $550.06 billion, and assets in institutional funds fell $1.94 billion to hit $247.1 billion.
During the previous week, money funds gained $22 billion, the largest single one-week jump since July 1992. That spike, the largest single one- week jump since July 1992, was preceded by the largest weekly selloff in two years.