Tax-free money market funds saw a net outflow of $203.1 million as total net assets settled at $282.48 billion for the week ended Feb. 4, according to The Money Fund Report, a service of iMoneyNet.com.

The industry remains in negative territory after the fourth week of consecutive outflows. Last week tax-exempt money funds suffered larger net losses as outflows of $3.43 billion left total net assets at $282.68 billion. In the prior week, $2.44 billion left and total net assets settled at $286.11 billion, which came following a whopping $4.21 billion in net outflows the week ended Jan. 14 as total net assets settled at $288.55 billion.

This week, the average, seven-day simple yield for the 431 tax-exempt funds remained unchanged from the prior week at 0.01%, while the average maturity decreased by one day to 31 days.

Among the 1,039 taxable money funds, the total net assets fell to $2.393 trillion after net outflows of $3.93 billion in the week ended Feb. 5, which compares unfavorably to the previous week when inflows of $12.43 billion swelled total net assets to $2.397 trillion.

The average, seven-day simple yield for the taxable funds remained at 0.02%, unchanged from the prior week, while the average maturity remained unchanged at 47 days.

Overall, the combined total net assets of the 1,470 reporting money funds declined by $4.14 billion in the week ended Feb. 5 to $2.675 trillion. That compares to the prior week when the total net assets grew by $9 billion to $2.679 trillion.