Tax-exempt money market funds lost $5.09 billion during the week ending April 28, causing total assets to fall to $489.6 billion, according to the Money Fund Report, a service of imoneynet.com of Westborough, Mass.

The outflows were noticeably lower than the $7.27 billion the funds lost the previous week, when total assets fell to $494.7 billion from $501.9 billion.

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