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 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.

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