ICI's latest "Money Market Fund Assets" report shows that money fund assets rose for the 15th time in the past 17 weeks. ICI's weekly series shows Retail MMFs dropped by $2.4 billion, while Institutional MMFs grew by $9.3 billion. Total Government MMF assets, including Treasury funds, stood at $2.314 trillion (75.1% of all money funds), while Total Prime MMFs reached $626.9 billion (20.4%). Tax Exempt MMFs totaled $138.3 billion, or 4.5%. They write, "Total money market fund assets increased by $6.91 billion to $3.08 trillion for the week ended Wednesday, Feb. 27, the Investment Company Institute reported.... Among taxable money market funds, government funds increased by $2.45 billion and prime funds increased by $4.89 billion. Tax-exempt money market funds decreased by $433 million." ICI states, "Assets of retail money market funds decreased by $2.36 billion to $1.19 trillion. Among retail funds, government money market fund assets decreased by $4.90 billion to $691.81 billion, prime money market fund assets increased by $2.45 billion to $373.67 billion, and tax-exempt fund assets increased by $103 million to $129.01 billion." Retail assets account for over a third of total assets, or 38.8%, and Government Retail assets make up 57.9% of all Retail MMFs. The release concludes, "Assets of institutional money market funds increased by $9.27 billion to $1.88 trillion. Among institutional funds, government money market fund assets increased by $7.35 billion to $1.62 trillion, prime money market fund assets increased by $2.45 billion to $253.27 billion, and tax-exempt fund assets decreased by $535 million to $9.30 billion." Institutional assets accounted for 61.2% of all MMF assets, with Government Institutional assets making up 86.1% of all Institutional MMF totals.

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