Money-Fund Assets Rose By $10.53 Billion in Week
May 05, 2011
Riverside -- Money-market mutual fund assets rose $10.53 billion to $861.39 billion for the week ended Wednesday, from a revised $850.86 billion, the Investment Company Institute said. Assets of 667 retail money-market mutual funds decreased by $2.70 billion to $590.48 billion, the trade group said. Among retail funds, assets of the 409 taxable money-market funds rose by $1.86 billion to $480.77 billion, while assets of the 258 tax-exempt funds increased by $837.3 million to $109.71 billion. Assets of the 304 institutional money-market funds increased by $7.84 billion to $270.91 billion. Among institutional funds, assets of 243 taxable money-market funds grew by $7.06 billion to $241.77 billion, while assets of the 61 tax-exempt funds grew by $782.9 million to $26.15 billion.
