ICI Highlights Growth In Mutual Fund Assets

Total money market mutual fund assets increased by $461 million to $3.906 trillion for the week ended 11 March, according to Investment Company Institute. Taxable government funds decreased by $7.81 billion, taxable non government funds increased by $6.80 billion, and

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Total money market mutual fund assets increased by $461 million to $3.906 trillion for the week ended 11 March, according to Investment Company Institute.

Taxable government funds decreased by $7.81 billion, taxable non-government funds increased by $6.80 billion, and tax-exempt funds increased by $1.48 billion.

Retail: Assets of retail money market funds increased by $10.67 billion to $1.365 trillion. Taxable government money market fund assets in the retail category increased by $1.86 billion to $250.96 billion, taxable non-government money market fund assets increased by $9.18 billion to $824.24 billion and tax-exempt fund assets decreased by $361 million to $289.83 billion.

Institutional: Assets of institutional money market funds decreased by $10.21 billion to $2.541 trillion. Among institutional funds, taxable government money market fund assets decreased by $9.67 billion to $1.166 trillion, taxable non-government money market fund assets decreased by $2.38 billion to $1.183 trillion and tax-exempt fund assets increased by $1.84 billion to $192.18 billion.

L.D.

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