Tax-exempt money market funds continued on their erratic pace as $2.44 billion exited the funds and total net assets dipped to $289.48 billion in the week ending Feb. 13, according to the Money Fund Report, a service of iMoneyNet.com.

Flows have fluctuated since the beginning of the year, and have struggled to stay positive. This week’s outflows are more than double the $1.65 billion of short-lived inflows that arrived last week when total net assets rose to $291.92 billion. However, the inflows came on the heels of significant outflows — $2.4 billion, $1.34 billion and $2.82 billion — in the three previous weeks, respectively.

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