A short-lived period of inflows came to a swift end as tax-exempt money market funds suffered losses of $2.17 billion and total net assets settled at $276.62 billion in the week ended March 11, according to The Money Fund Report, a service of iMoneyNet.com.

That compares to the prior week when just $17 million arrived into the tax-exempt money fund industry as total net assets settled at $278.79 billion – on the heels of net inflows of $424.80 million that arrived in the week ended Feb. 25 that temporarily ended a pattern of outflows.

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