Tax-exempt money market funds recouped about half of last week’s losses when they added $1.2 billion of new cash and total net assets inched up to $290.69 billion in the week ended Feb. 20, according to the Money Fund Report, a service of iMoneyNet.com.

By comparison, last week $2.44 billion exited the funds and total net assets ended at $289.48 billion, continuing the erratic pace that tax-exempt money funds have followed since the beginning of the year.

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