Two weeks of gains among tax-exempt money market funds were washed away this week as $2.49 billion escaped the industry and total net assets decreased to $267.42 billion in the week ended Oct. 15, according to The Money Fund Report, a service of iMoneyNet.com.

The outflows put an end to a two-week inflow cycle -- the first in nearly a month -- during which the funds took in $1.50 billion last week and settled with $269.91 billion; and $99.2 million when they settled with $268.41 billion in the week ended Oct. 1.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.