Tax-exempt money market funds saw only moderate outflows as investors yanked a mere $252.5 million in the week ended April 4, causing total net assets to dip slightly to $319.05 billion, according to the Money Fund Report, a service of iMoneyNet.com.
The outflows were positively modest compared to the $2.90 billion that fled the tax-exempt money fund industry in the week ended March 28, dropping total assets to $319.30 billion.
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