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This is likely to continue as funds decrease at the state level.
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Elsewhere, assets of taxable funds decreased by $33 million, to $407.6 billion.
The 104 broker-dealer funds decreased by $19.1 million, to $166.12 billion, the institute said.
The assets of the 154 institutional funds decreased by $789.5 million, to $91.01 billion.
The assets of the 158 institutional funds decreased by $603.7 million, to $91.39 billion.
The 105 broker-dealer funds decreased by $701.6 million, to $165.37 billion.
The 104 broker-dealer funds decreased by $251.9 million, to $166.02 billion, the institute said.
The assets of the 162 institutional funds decreased by $772.5 million, to $98.7 billion.
The 102 broker-dealer funds decreased $1.41 billion, to $158.43 billion, the institute said.
Assests of the 162 institutional funds decreased by $627.6 million, to $111.47 billion.
The 102 broker-dealer funds decreased by $414.0 million, to $166.36 billion, the institute said.
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