Outflows among tax-exempt money market funds resumed in the week ended May 27 as $1.84 billion fled the industry and total net assets settled at $257.43 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The outflow offset the $906.5 million of inflows last week, when total net assets settled at $259.27 billion. It also brings the net outflow to $8.05 billion since April 29 -- traditionally the end of income tax season and the massive outflows that occur before and after the April 15 personal and corporate filing deadline.
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