Tax-exempt money market funds saw modest inflows as they reversed the recent outflow pattern. In the week ended Feb. 25, $424.80 million arrived into the industry and total net assets inched up to $278.62 billion, according to The Money Fund Report, a service of iMoneyNet.com.
Significant outflows had occurred almost every week since mid-January. Outflows of $1.88 billion escaped from the funds and total net assets settled at $278.20 billion in the week ended Feb. 18, after $2.40 billion of net outflows in the week ended Feb. 11 when total net assets settled at $280.07 billion.
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