Inflows of $2.74 billion to tax-exempt money market funds boosted total net assets to $265.90 billion in the week ended Oct. 7 and ended a three-week period of outflows, according to The Money Fund Report, a service of iMoneyNet.com.
The new cash arrived after $588.70 million of outflows in the prior week when total net assets settled at $263.15 billion.
The average, seven-day simple yield for the 420 tax-exempt money funds was unchanged at 0.01%, while the average maturity remained at 42 days.
Among taxable money funds, $12.18 billion of outflows decreased total net assets to $2.385 trillion in the week ended Oct. 8. In the prior week $7.90 billion exited the funds and total net assets settled at $2.397 trillion.
The average, seven-day simple yield of the 1,020 taxable money funds remained at 0.01%, while the average maturity was unchanged at 48 days.
The combined assets of the 1,440 money funds lost $9.43 billion in the week ended Oct. 8 as total net assets dipped to $2.650 trillion. That compares to the prior week when the funds closed at $2.659 trillion after outflows of $8.49 billion.
