ICI'​s weekly money market mutual fund statistics series shows assets declining slightly, down $​4.​28 billion, to $​3.​505 trillion in the week ended May 28. Retail money fund assets declined by $​3.​99 billion to $​1.​223 trillion and institutional money fund assets declined by $​290 million to $​2.​282 trillion. Money fund assets are declining ahead of quarter-​end, but they should rebound strongly as dividend and bond coupon payments hit next week. ICI also reported monthly mutual fund assets for April 2007.

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