Taxable govt funds in US rises by $5.65bn: ICI

India Infoline News Service | Mumbai |

Assets of retail money market funds decreased by $4.72 billion to $917.74 billion in the latest week

Total money market mutual fund assets decreased by $1.82 billion to $2.706 trillion for the week ending Wednesday, January 29, the Investment Company Institute reported on Thursday. Taxable government funds increased by $5.65 billion, taxable non-government funds decreased by $4.71 billion, and tax-exempt funds decreased by $2.76 billion.
Retail: Assets of retail money market funds decreased by $4.72 billion to $917.74 billion. Taxable government money market fund assets in the retail category decreased by $760 million to $197.73 billion, taxable non-government money market fund assets decreased by $2.33 billion to $525.19 billion, and tax-exempt fund assets decreased by $1.63 billion to $194.83 billion.
Institutional: Assets of institutional money market funds increased by $2.90 billion to $1.788 trillion. Among institutional funds, taxable government money market fund assets increased by $6.41 billion to $758.56 billion, taxable non-government money market fund assets decreased by $2.38 billion to $955.51 billion, and tax-exempt fund assets decreased by $1.13 billion to $74.14 billion.
 

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