October 4, 2013 in Business

U.S. money market fund assets decline by $8.51 billion for week

 

NEW YORK – Total U.S. money market mutual fund assets decreased $8.51 billion to $2.685 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Assets in the nation’s retail money market mutual funds increased $3.07 billion to $933.88 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.61 billion to $739.09 billion. Tax-exempt retail fund assets increased $1.47 billion to $194.79 billion.

Assets in institutional money market funds decreased $11.59 billion to $1.751 trillion. Among institutional funds, taxable money market fund assets decreased $12.94 billion to $1.679 trillion. Assets of tax-exempt funds increased $1.35 billion to $72.41 billion.

Editor’s note: The federal government shutdown halted the work of USDA Market News, which provides pricing data for Northwest wheat

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