Negative flows continue to haunt tax-exempt money market funds, as $1.13 billion escaped the industry and total net assets settled at $270.28 billion in the week ended June 25, according to The Money Fund Report, a service of iMoneyNet.com.
The outflows topped the $801.2 million that fled the tax-exempt market last week when total net assets ended at $271.40 billion.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access