Money Market Funds See First Outflows Since Tax Week

US money market funds saw their first outflows since tax week, an update released after the bell on Thursday showed. The $22.32 billion exodus came on the heels of a $28 billion haul the prior week, when total AUM reached a new high at $6.12 trillion, eclipsing the peak from early April. The net redemption in the truncated week to June 18 snapped an eight-week run of inflows. The entirety of the outflow was down to institutional money, including $28 billion in redemptions from government fu