Flows into tax-exempt money market funds continued to see-saw as $906.5 million arrived in the week ended May 20 following outflows of $1 billion the previous week, according to The Money Fund Report, a service of iMoneyNet.com.
The industry has lost $6.21 billion since April 29, traditionally the end of heavy outflows associated with tax season. This year, the industry had about $17.21 billion of outflows during the four-week tax season that began April 1.
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