Tax-exempt money market funds had $1.02 billion in outflows, cutting total net assets to $266.94 billion for the week ended Aug. 12, as losses resumed after the biggest inflow in more than a year the previous week.

Last week's gain of $3.84 billion was the largest since July 8, 2012, when the funds grew by $4.64 billion and total net assets soared to $274.7 billion, according to The Money Fund Report, a service of iMoneyNet.com. The inflows also surpassed the prior 2013 high set when the industry gained $3.60 billion in the week ended July 8 and total net assets settled at $267.96 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.