Weekly Reporters Post $134M Outflow

Weekly reporting municipal bond mutual funds had a net outflow of $134 million during the period ending Oct. 29, AMG Data Services reported.

The results follow a $1.126 billion outflow the previous week, and represents the sixth straight outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker.

The four-week moving average for all muni bond funds - which includes the monthly reporters - moved to a $1.11 billion outflow from a $1.24 billion outflow.

Taxable bond funds that report weekly had a $3.9 billion net outflow following a $2.6 billion outflow the week before.

Weekly reporting equity funds had an outflow of $2.7 billion after a $686 million inflow the previous week.

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