Article: Retail money funds fell in latest week; total money fund assets unchanged


AP Online
12-24-1998
NEW YORK (AP) _ Assets of the nation's 923 retail money market mutual funds fell by $1.50 billion in the latest week to $824.07 billion, the Investment Company Institute said Thursday.

Assets of the 572 taxable money market funds in the retail category fell by $590.0 million to $678.41 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. The 351 tax-exempt fund assets fell by $910.6 million to $145.67 billion.

Assets of the 750 institutional money market funds rose by $1.58 billion to $569.92 billion for the same period. Among institutional funds, the 587 taxable money market fund assets rose by $1.97 billion to $521.77 ...

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