​ Money Fund Assets Power Through Qtrly Corporate Tax Payment Date. Assets of money market mutual funds rose by $​4 billion to a record $​2.​534 trillion despite the presence of June 15, a quarterly corporate tax payment date which normally drains assets from funds. ICI reports that retail money fund assets increased by $​4.​9 billion to $​1.​030 trillion while institutional assets decreased by $​967 million to $​1.​505 trillion. `​Money fund assets have grown by $​398 billion, or 18.​6%, over the past 52 weeks, and by $​152 billion, or 6.​4%, year-​to-​date. Assets should decline temporarily as we approach quarter-​end, but should continue their skyward march in July.

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