Tax-exempt money market funds reversed some of the outflows they experienced during income tax season as $667.90 million trickled back into the industry and total net assets rose to $260.09 billion in the week ended May 6, according to The Money Fund Report, a service of iMoneyNet.com.

The inflows followed a $4.49 billion decline in net assets in the week April 29 at the tail end of the seasonal outflow as individuals and corporations paid income taxes. In the week ended April 22, $5.58 billion in assets exited the industry, as total net assets fell to $263.91 trillion.

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