Weekly reporting municipal bond mutual funds had a net inflow of $513 million during the period ending Jan. 23, AMG Data Services reported.
The results were up from a $324 million outflow the previous week, and represent the third week of inflows following eight straight weeks of outflows, 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 — rose to a $122.3 million outflow from a $361.5 million outflow.
Taxable bond funds that report weekly had a $1.6 billion net inflow, after a $1.7 billion inflow the week before.
Weekly reporting equity funds had an outflow of $13.6 billion, after a $7.3 billion inflow the previous week.
