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Money market fund assets fall by $3.19 billion

By The Associated Press
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Total U.S. money market mutual fund assets fell by $3.19 billion to $2.64 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Assets in the nation’s retail money market mutual funds fell by $880 million to $921.69 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category fell $580 million to $727.22 billion. Tax-exempt retail fund assets fell by $300 million to $194.47 billion.

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