The total net assets of tax-exempt money market funds declined by $1.32 billion to $263.26 billion in the week ended Nov. 11, as they gave up most of the prior week's gains, according to The Money Fund Report, a service of iMoneyNet.com.
The funds had generated $1.80 billion of new cash in the previous week -- their first inflows in four weeks.
The average seven-day simple yield for the 420 weekly reporting tax-exempt money funds was unchanged at 0.01%, while the average maturity increased by one day to 41 days.
Among taxable money market funds, outflows of $7.99 billion decreased total net assets to $2.390 trillion in the week ended Nov. 12, which compares to the prior week when $10.14 billion of cash exited the industry and total net assets settled at $2.398 trillion.
The average, seven-day simple yield for the 1,017 weekly reporting taxable funds remained at 0.01%, while the average maturity declined by one day to 47 days.
The combined assets of the 1,437 weekly reporting money funds dipped by $9.31 billion to $2.653 trillion, versus the prior week when total net assets declined by $8.34 billion as total net assets settled at $2.662 trillion.
