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NEW YORK (AP) - Assets of the nation's retail money market mutual funds fell by $2.73 billion in the latest week to $807.52 billion, the Investment Company Institute said Thursday.
Assets of taxable money market funds in the retail category fell by $1.29 billion to $610.01 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets fell by $1.44 billion to $197.51 billion.
Assets of institutional money market funds rose by $391.6 million to $1.095 trillion for the same period. Among institutional funds, taxable money market fund assets rose by $6.39 billion to $969.01 billion; assets of tax-exempt funds fell by $6 billion to $126.27 billion.
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