Outflows from tax-exempt money market funds continued for a second straight week as investors yanked $2.09 billion  and total net assets dropped to $301.18 billion in the week ending July 25, according to the Money Fund Report, a service of iMoneyNet.com.

The outflows are more than double the $798 million that came after two weeks of inflows and left the funds with $303.27 billion in the week ending July 18.

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