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NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $1.75 billion in the latest week to $918.76 billion, the Investment Company Institute said Thursday.
Assets of taxable money market funds in the retail category rose by $1.65 billion to $704.73 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets rose by $99 million to $214.03 billion.
Assets of institutional money market funds rose by $15.31 billion to $1.294 trillion for the same period. Among institutional funds, taxable money market fund assets rose by $9.59 billion to $1.153 trillion; assets of tax-exempt funds rose by $5.72 billion to $141.45 billion.
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