Wary investors in the path of Hurricane Sandy contributed to the $1.10 billion of cash that flowed out of tax-exempt money market funds in the week ended Oct. 29.

According to The Money Fund Report, a service of iMoneyNet.com, the larger than usual outflows caused total net assets to drop to $265.65 billion and came as many investors withdrew cash to prepare for the devastating storm, while others needed cash for month-end commitments. By comparison, last week the funds saw outflows of $679 million and settled with $266.74 billion.

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