Money-Market Fund Assets Fell $580 Million in Week
April 28, 2011
Vastopolis -- Money-market mutual-fund assets fell $580 million to $851.39 billion in the week ended Wednesday, from a revised $851.97 billion a week earlier, the Investment Company Institute said. Assets of 666 retail money-market mutual funds increased by $1.80 billion to $587.80 billion, the trade group said. Among retail funds, assets of the 406 taxable money-market funds grew by $2.12 billion to $478.93 billion while assets of the 260 tax-exempt funds decreased by $321.2 million to $108.87 billion. Assets of the 304 institutional money-market funds decreased by $2.39 billion to $263.59 billion. Among institutional funds, assets of 243 taxable money-market funds fell by $1.57 billion to $235.22 billion while assets of the 61 tax-exempt funds fell by $818.1 million to $28.37 billion.
VastPress 2011 Vastopolis
