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

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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access