Outflows slowed to $597.3 million the week ending Aug. 23 after hemorrhaging $4.99 billion the week before, according to the Money Fund Report, a service of iMoneyNet.com. Total assets declined slightly to $340.75 billion from $341.34 billion.
The iMoneyNet money fund average seven-day simple yield for the 493 tax-exempt funds reporting rose one basis point to 0.04%, while the average maturity increased to 29 days from 28.
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