US money market funds at $2.55 trillion in latest week

India Infoline News Service | Mumbai |

Tax-exempt money market funds decreased by $340 million for the week ended Wednesday, June 18

Total US money market fund assets decreased by $31.27 billion to $2.55 trillion for the week ended Wednesday, June 18, the Investment Company Institute reported on Thursday.
Among taxable money market funds, Treasury funds (including agency and repo) decreased by $13.34 billion and prime funds decreased by $17.58 billion. Tax-exempt money market funds decreased by $340 million.
Assets of retail money market funds decreased by $1.31 billion to $897.89 billion. Among retail funds, Treasury money market fund assets decreased by $570 million to $198.94 billion, prime money market fund assets decreased by $460 million to $512.74 billion, and tax-exempt fund assets decreased by $280 million to $186.21 billion.
Assets of institutional money market funds decreased by $29.95 billion to $1.65 trillion. Among institutional funds, Treasury money market fund assets decreased by $12.78 billion to $699.16 billion, prime money market fund assets decreased by $17.12 billion to $883.05 billion, and tax-exempt fund assets decreased by $60 million to $71.15 billion.
 

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