Tax-exempt money market funds both saw outflows and set record-low yields for the week ending Aug. 31 on the heels of losing very little cash and yields remaining unchanged the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

The 507 tax-exempt money funds in the report saw total assets drop to $441.40 billion after $4.70 billion exited this week, following outflows of just $17.3 million the previous week that left $446.10 billion in total assets for the week ending Aug. 24.

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