NEW YORK (AP) — Total U.S. money market mutual fund assets rose $1.14 billion to $2.669 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation's retail money market mutual funds fell $8.06 billion to $920.10 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category fell $7.19 billion to $727.67 billion. Tax-exempt retail fund assets fell $870 million to $192.43 billion.
Assets in institutional money market funds rose $9.2 billion to $1.749 trillion. Among institutional funds, taxable money market fund assets rose $9.58 billion to $1.679 trillion. Assets of tax-exempt funds fell $370 million to $70.14 billion.
The 7-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 7-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.
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