Tax-exempt money market funds recaptured more than half of last week's loss as they gained $1.29 billion in new cash, boosting total net assets to $269.33 billion, in the week ended Feb. 24, according to The Money Fund Report, a service of iMoneyNet.com.
The inflows followed $2.08 billion of outflows the week before.
The average, seven-day simple yield for the 420 weekly reporting tax-exempt money funds remained at 0.01%, while the average maturity declined by two days to 31 days.
The total net assets of the 1,015 weekly reporting taxable money funds grew by $9.78 billion to $2.424 trillion in the week ended Feb. 25. They posted $41.11 billion of outflows the week before, cutting total net assets to $2.415 trillion.
The average, seven-day simple yield for the taxable funds held steady at 0.01%, while the average maturity declined by one day to 46 days.
The combined total net assets of the 1,435 weekly reporting money funds increased by $11.07 billion in the week ended Feb. 25 to $2.694 trillion. The funds lost $43.19 billion the week before.
