Money market mutual fund assets dipped 0.9% in the week that ended March 29, receding from record levels attained the previous week.
The decline, to $650.4 billion of assets, affected all categories of assets: taxable and tax-exempt funds for retail and institutional investors.
Retail funds closed the week with $461.08 billion, a 0.3% decline. That includes $365.77 billion in taxable funds, down $1.01 billion, and $95.31 billion in tax-exempt funds, a $428.7 million decline.
Institutional funds held $189.32 billion, down 2.2%. Taxable funds fell $3.75 billion, to $166.06 billion, while tax-exempt funds shed $364.8 million, to end the week with $23.26 billion.