Tax-exempt money market funds fell $2.34 billion to $324.39 billion in net assets in the week ended Jan. 31, according to the iMoneyNet's Money Fund Report.

It was the third straight week of outflows from the tax-exempt funds, which have seen their net assets contract by 3% in that period. The sector lost $3.18 billion the week ended Jan. 24 and $4.35 billion the week ended Jan. 17.

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