A month-long trend of postitive inflows for tax-exempt money market funds came to an end as investors pulled $2.82 billion from the sector in the week ended Jan. 16 and total net assets dropped to $293.75 billion, according to the Money Fund Report, a service of iMoneyNet.com.

The last time the funds saw negative flows was in the week ended Dec. 12 when modest outflows of $157.4 million dropped assets to $289.78 billion.

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