Total net assets of tax-exempt money market funds continued to see-saw as they inched up by $561.50 million to $263.82 billion in the week ended Nov. 18, according to the Money Fund Report, a service of iMoneyNet.com.
The inflows follow $1.32 billion of outflows in the prior week which decreased total net assets to $263.26 billion, on the heels of $1.80 billion of inflows in the week ended Nov. 4.
The average seven-day simple yield for the 419 weekly reporting tax-exempt money market funds was unchanged at 0.01%, while the average maturity declined by one day to 40 days from the prior week.
Among the 1,016 weekly reporting taxable money funds, total net assets fell $4.92 billion to $2.385 trillion in the week ended Nov. 19. In the prior week outflows of $7.99 billion decreased total net assets to $2.390 trillion.
The average, seven-day simple for the taxable reporting money funds remained at 0.01%, while the average maturity increased two days to 49 days.
Overall, the combined total net assets for the 1,435 weekly reporting money funds decreased by $4.36 billion to $2.649 trillion in the week ended Nov. 19. In the prior week $9.31 billion exited the funds and total net assets settled at $2.653 trillion.