US taxable govt funds fall by $13bn in latest week: ICI

India Infoline News Service | Mumbai |

Assets of retail money market funds increased by $170 million to $916 billion for the week ending Wednesday, March 5

Total money market mutual fund assets decreased by $4.08 billion to $2.680 trillion for the week ending Wednesday, March 5, the Investment Company Institute reported today. Taxable government funds decreased by $13 billion, taxable non-government funds increased by $7.85 billion, and tax-exempt funds increased by $1.07 billion.
Retail: Assets of retail money market funds increased by $170 million to $916 billion. Taxable government money market fund assets in the retail category decreased by $660 million to $197.54 billion, taxable non-government money market fund assets increased by $330 million to $523.77 billion, and tax-exempt fund assets increased by $500 million to $194.69 billion.
Institutional: Assets of institutional money market funds decreased by $4.25 billion to $1.764 trillion. Among institutional funds, taxable government money market fund assets decreased by $12.33 billion to $738.27 billion, taxable non-government money market fund assets increased by $7.52 billion to $949.05 billion, and tax-exempt fund assets increased by $570 million to $76.23 billion.
 

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