Tax-exempt money market funds rose $1.14 billion to $325.79 billion in total net assets for the week ending Feb. 21, according to the Money Fund Report, a service of iMoneyNet.com.

The flow of investor money was positive compared to the $1.75 billion that exited in the week ending Feb. 14, when the funds settled at $324.64 billion.

The iMoneyNet average seven-day simple yield for the 480 tax-exempt funds in the report remained at 0.03%, while the average maturity increased by one day to 30 days.

Meanwhile, the 1,127 taxable funds lost $6.37 billion and finished with $2.390 trillion in assets for the week that ended Feb. 22.

That outflow was huge compared with the week ending Feb. 15, when the taxable funds shed just $94.5 million and settled at $2.396 trillion.

The average yield for taxable funds also remained at 0.03%, while the average maturity declined one day to 46 days.

Overall, the combined assets of the 1,607 money funds in the report declined by $5.22 billion in the week ending Feb. 22, and finished with $2.716 trillion of assets.

That performance followed outflows of $1.84 billion in the week ending Feb. 15, when the funds finished with total net assets of $2.721 trillion.

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.