Tax-exempt money market funds had outflows of $314.7 million in the week ended June 24, decreasing total net assets to $261.48 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The losses erased part of the prior week's $819.6 million inflow, which increased total net assets to $261.79 billion, and continued a pattern of outflows. The funds have lost $3.87 billion since May 13, after hemorrhaging $17.21 billion in the four-week tax season starting April 1.
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