The tax-exempt money market sector saw a moderate decrease in cash in the week ended June 18 as $801.2 million exited the funds and total net assets settled at $271.40 billion, according to the Money Fund Report, a service of iMoneyNet.com.
It was the second week of outflows that contrasted a positive start to June. Last week, the funds lost $1.45 billion and settled with $272.20 billion — on the heels of $1.19 billion of inflows in the week ended June 4 that saw total net assets rise to $273.64 billion.
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