Although tax-exempt funds lost significantly less than last week, they still suffered another week of outflows, losing $482.3 million for the week ending July 28, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

The 553 funds reporting settled at $508.01 billion this week versus $508.49 billion last week after significant outflows of $4.98 billion, the report said.

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