Tax-exempt money market funds suffered $852.6 million in outflows, offsetting part of the previous week's gain, as total net assets dipped to $265.13 billion in the week ended July 15, according to The Money Fund Report, a service of iMoneyNet.com.

In the prior week, the industry attracted inflows of $3.6 billion — the most in the last six months — as retail investors seeking shelter from market volatility and uncertainty over rising interest rates in the long-term market boosted total net assets to $265.98 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.