After recouping recent losses last week, tax-exempt money market funds saw $1.75 billion slip away in the week ended Feb. 14.
The funds settled with total net assets of $324.64 billion, according to the Money Fund Report, a service of iMoneyNet.com.
The outflows followed $2 billion of gains accumulated the previous week, which recouped most of the $2.34 billion that exited the funds in the week ended Jan. 31.
Meanwhile, the iMoneyNet money fund average seven-day simple yield for the 481 tax-exempt money funds in the report remained at 0.03%, and the average maturity declined by one day to 29 days.
Among the 1,132 taxable money funds, only $94.5 million was yanked in the week ended Feb. 15, dropping total net assets just a tad to $2.3967 trillion. That compares to total net assets of $2.3968 trillion after a $20.2 billion gain in the previous week.
The seven-day simple yield for the taxable funds was unchanged at 0.03%, while the average maturity increased to 47 days from 46 days.
Overall, the combined assets of the 1,613 reporting money funds dipped $1.84 billion to $2.721 trillion, down from an influx of $22.03 billion to $2.723 trillion in the week ended Feb. 8.
