Technology Slice Blog

Mutual Funds Rise - Total money market mutual fund assets increased $15.36 billion to $2.813 trillion for the week, the Investment Company Institute said Wednesday. Assets of the nation's retail money market mutual funds rose $2.86 billion to $942.23 billion. Assets of taxable money market funds in the retail category rose $2.51 billion to $739.56 billion for the week ended Tuesday, the Washington-based mutual fund trade group said. Retail tax-exempt fund assets rose $350 million to $202.66 billion. Assets of institutional money market funds increased $12.49 billion to $1.871 trillion for the same period. Among institutional funds, taxable money market fund assets rose $13.56 billion to $1.749 trillion; assets of institutional tax-exempt funds decreased $1.06 billion to $122.05 billion. The seven-day average yield on taxable money market mutual funds in the week ended Tuesday was unchanged from the previous week at 0.03 percent, said Money Fund Report, a service of iMoneyNet...