Reversing the gains they accumulated last week, tax-exempt funds were hit with outflows of $2.10 billion and finished with total net assets of $368.51 billion for the week ending April 12, according to the Money Fund Report, a service of iMoneyNet.com.

The outflows occurred just as investors were preparing for yesterday’s deadline for filing income taxes, and on the heels of $2.10 billion of inflows last week when the funds settled at $369.44 billion.

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