Money Funds Top $2.7 Trillion

Updated Sunday, May 19, 2013 as of 11:29 AM ET

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Portfolio - Investment Products

Money Funds Top $2.7 Trillion

by: Hung Tran

Monday, January 7, 2013

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Total money market mutual fund assets increased by $37.78 billion to $2.705 trillion for the week ended Wednesday, January 2, according to the�Investment Company Institute.

Assets of retail money market funds increased by $13.89 billion to $943.12 billion. Taxable government money market fund assets in the retail category increased by $2.76 billion to $200.15 billion, taxable non-government money market fund assets increased by $7.90 billion to $539.12 billion, and tax-exempt fund assets increased by $3.24 billion to $203.86 billion.

Institutional money market funds� assets increased by $23.89 billion to $1.762 trillion. Among institutional funds, taxable government money market fund assets increased by $24.99 billion to $727.06 billion, taxable non-government money market fund assets decreased by $4.18 billion to $947.21 billion, and tax-exempt fund assets increased by $3.08 billion to $87.24 billion.

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