Tax-free municipal money market fund assets declined by $2.25 billion to $316.80 billion in the week ending April 11, representing a major acceleration of outflows from the previous week, according to the Money Fund Report, a service of iMoneyNet.com.
The outflows far eclipsed the $252.5 million that investors withdrew from tax-exempt money funds in the week ending April 4, when they finished with $319.05 billion.
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