Tax-exempt money market funds suffered outflows of $7.81 billion and slipped below the previous week's record high asset growth during the week ending Aug. 25, according to the Money Fund Report, a service of of Westborough, Mass.

The outflows caused the assets in 553 tax-exempt and municipal funds to dip to $520.56 billion compared with last week, when the gain of $1.30 billion, pushed them to an all-time record high of $528.36 billion, according to the report.

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