Total money market mutual fund assets increased by $28.39 billion to $2.665 trillion for the week ended Wednesday, December 26, according to data from the Investment Company Institute.
Assets of retail money market funds increased by $9.45 billion to $929.23 billion. Taxable government money market fund assets in the retail category increased by $1.04 billion to $197.39 billion, taxable non-government money market fund assets increased by $5.78 billion to $531.22 billion, and tax-exempt fund assets increased by $2.63 billion to $200.62 billion.
Assets of institutional money market funds increased by $18.93 billion to $1.736 trillion. Among institutional funds, taxable government money market fund assets increased by $11.48 billion to $700.21 billion, taxable non-government money market fund assets increased by $5.80 billion to $951.28 billion, and tax-exempt fund assets increased by $1.65 billion to $84.16 billion.
