US money mkt fund assets down $19.8 bln-iMoneyNet

NEW YORK, Oct 20 (BestGrowthStock) – U.S. money market fund assets
fell by $19.8 billion to $2.76 trillion in the week ended Oct.
19, the Money Fund Report said on Wednesday.

Taxable money market fund assets fell by $17.5 billion to
$2.43 trillion, while tax-free assets dropped $2.3 billion to
$328 billion, according to the report, published by iMoneyNet.

Yields on taxable money market funds rose to 0.04 percent
from 0.03 percent a week ago.

(Reporting by Ciara Linnane)

US money mkt fund assets down $19.8 bln-iMoneyNet