NEW YORK (AP) — Total U.S. money market mutual fund assets fell $14.02 billion to $2.701 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation's retail money market mutual funds fell $6.27 billion to $925.07 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category $4.77 billion to $728.13 billion. Tax-exempt retail fund assets fell $1.50 billion to $196.94 billion.
Assets in institutional money market funds fell $7.76 billion to $1.775 trillion. Among institutional funds, taxable money market fund assets decreased $7.47 billion to $1.7 trillion. Assets of tax-exempt funds fell $290 million to $75.36 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0.01 percent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0.01 percent, Money Fund Report said Wednesday.