Tax-exempt money market funds saw an end to their short-lived period of inflows as $797.9 million fled the sector and total net assets declined to $303.27 billion in the week ended July 18, according to the Money Fund Report, a service of iMoneyNet.com.

The loss comes after inflows of $608.2 million and assets of $304.07 billion the previous week, and $1.39 billion of inflows and $303.46 billion of assets the week before.

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