Tax-exempt money market funds experienced significant outflows during the week ending Sept. 27, virtually mirroring the previous reporting period, as $2.73 billion fled the market, leaving the funds with $331.62 billion in total net assets, according to the Money Fund Report, a service of iMoneyNet.com.

The activity follows last week’s decline of $2.71 billion, double the $1.08 billion the funds lost in the week ending Sept. 13. Total net assets settled at $334.36 billion last week and $337.07 billion two weeks ago.

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