Outflows curtailed the growth of tax-exempt money market funds for a second straight week as $2.18 billion exited the industry and total net assets fell to $267.71 billion in the week ended Sept. 2, according to The Money Fund Report, a service of iMoneyNet.com.

The losses were more than double the $1.06 billion that fled the industry in the prior week, when total net assets slipped to $266.89 billion. Before that, the funds gained $1.02 billion as total net assets increased to $267.95 in the week ended Aug. 19.

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