Tax-free money market funds saw a net outflow of $203.1 million as total net assets settled at $282.48 billion for the week ended Feb. 4, according to The Money Fund Report, a service of iMoneyNet.com.
The industry remains in negative territory after the fourth week of consecutive outflows. Last week tax-exempt money funds suffered larger net losses as outflows of $3.43 billion left total net assets at $282.68 billion. In the prior week, $2.44 billion left and total net assets settled at $286.11 billion, which came following a whopping $4.21 billion in net outflows the week ended Jan. 14 as total net assets settled at $288.55 billion.
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