Weekly reporting municipal bond mutual funds had a net outflow of $54 million during the period ending Nov. 28, AMG Data Services reported.
The results were up from a $186 million outflow the previous week, and represent the third week of outflows following three straight weeks of inflows, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.
The four-week moving average for all muni bond funds — which includes the monthly reporters — fell to a $50.8 million inflow from $71.8 million.
Taxable bond funds that report weekly had a $24 million net outflow after a $691 million inflow the week before.
Weekly reporting equity funds had an inflow of $3.2 billion after a $5.6 billion outflow the previous week.
