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March 04, 2011 at 09:29 AM
Total money-market mutual fund assets grew by $560 million, to $2.751 trillion, for the week ended Wednesday, the Investment Company Institute reported Thursday. This up slightly from a week ago, but lower than the Feb. 16 total of $2.756 trillion.
Assets in taxable government funds, though, dropped by $1.11 billion for the past week, according to ICI, to $796.6 billion.
Other fund groups with higher assets included taxable non-government funds, up by $1.03 billion to $1.629 trillion, and tax-exempt funds, which increased by $640 million to reach $2.751 trillion.
Assets of retail money-market funds increased by $4.20 billion to $933.86 billion as of March 2, while taxable government money-market fund assets in the retail category dropped by $1.05 billion to $175.25 billion.
