Money market fund assets fall to $2.657 trillion

Published February 21, 2013 10:26pm ET



NEW YORK (AP) — Total U.S. money market mutual fund assets fell $23.82 billion to $2.657 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Assets of the nation’s retail money market mutual funds rose $540 million to $912.43 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $810 million to $714.83 billion. Tax-exempt retail fund assets fell $270 million to $197.61 billion.

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