Municipal money market funds continue on a roll in 2008 reaching record assets under management with inflows of $2.468 billion for the week ending Jan 14.

The increase in assets puts the total in tax-free money market funds at $482.899 billion, according to the Money Fund Report. This is the second week in a row of assets, but a slight decline of inflows from last week, which saw more than $10 billion enter these investments. The report monitors 551 funds.

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