After tax-exempt money market funds last week experienced their largest weekly inflows year to date, seeing a one-week increase of 1.9%, assets this week fell by $157.4 million and settled at $289.78 billion for the week ended Dec. 12, according to the Money Fund Report, a service of iMoneyNet.com.

Last week’s stunning inflows of $5.27 billion had left the funds with $289.94 billion. That highlighted a year in which inflows have been few and far between amid an 11.7% decrease in tax-exempt assets year to date.

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