Tax-exempt money market funds’ inflows slowed to $819.6 million in the week ended June 17, according to The Money Fund Report, a service of iMoneyNet.com.
Total net assets inched up to $261.79 billion, following a $3.13 billion surge the previous week that boosted total net assets grow to $260.97 billion.
The average, seven-day simple yield for the 423 reporting tax-exempt money funds was unchanged at 0.01% for the seventh week in a row, while the average maturity increased by one day to 31 days.
In the taxable money market, the 1,026 weekly reporting funds had a $26.65 billion outflow as total net assets fell to $2.306 trillion in the week ended June 18. That compares to the prior week when outflows of $5.85 billion reduced net assets to $2.333 trillion.
The average, seven-day simple yield for the taxable funds held at 0.01% for the fifth consecutive week, while the average maturity was unchanged at 48 days.
Overall, the combined assets of the 1,449 reporting money funds fell by $25.83 billion as total net assets settled at $2.568 trillion in the week ended June 18, which compares to the previous week when outflows of $2.72 billion caused total net assets to end at $2.594 trillion.