Tax-Frees Lose $1B on Redemptions

Fine, Jacob
June 2006
Bond Buyer;6/2/2006, Vol. 356 Issue 32394, p7
Trade Publication
The article reports that tax-free money market fund assets in the U.S. fell $1.03 billion due to redemptions from institutional investors during the week which ended on June 1, 2006.The decline left total assets in the funds at $384.34 billion, according to figures released by iMoneyNet. Meanwhile, the funds' average weekly yield held steady at 2.86 percent on an annual basis.


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