Tax-exempt money market funds gave up two-thirds of the impressive gains they generated last week, reporting $4.21 billion in net outflows as total net assets settled at $288.55 billion in the week ending Jan. 14, according to the Money Fund, a service of iMoneyNet.com.

The outflows contrasted with on the $6.18 billion of inflows the funds netted the prior week, which almost doubled the $3.22 billion the funds accumulated in the week ended Dec. 31 and was higher than inflows for any week in 2012.

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

Don't have an account? Register for Free Unlimited Access