Tax-exempt money market funds managed to continue their upward growth for the week ending June 16, though they saw significantly lower inflows than last week, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Conn.

The 549 funds reporting this week gained just $82.6 million, which caused assets to reach $517.45 billion. Last week's assets totaled $517.37 billion after the funds accumulated $3.62 billion of inflows.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.