Tax-exempt money market funds started the new year on a positive note, as a modest $857 million of new cash increased total net assets to $290.77 billion in the week ended Jan. 2, according to the Money Fund Report, a service of iMoneyNet.com.

By contrast, the funds ended 2011 with $511.9 million of outflows and assets decreased to $289.91 billion in the week ended Dec. 26.

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