After a short-lived period of inflows, tax-exempt money market funds lost $1.93 billion and total net assets dipped to $288.75 billion in the week ended Feb. 27, according to the Money Fund Report, a service of iMoneyNet.com.

The outflows arrived on the heels of $1.2 billion of new cash last week when total net assets finished at $290.69 billion. Last week’s inflows recouped half of the $2.44 billion in losses suffered in the week ended Feb. 13 when assets closed at $289.48 billion.

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