Weekly reporting municipal bond mutual funds had a net inflow of $563 million during the period ending Feb. 6, AMG Data Services reported.
The results were up from a $468 million inflow the previous week, and represent the fifth 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 bonds, which includes the monthly reporters, rose to a $903.9 million inflow from a $443.4 million inflow.
Taxable bond funds that report weekly had a $3.5 billion net inflow following a $628 million inflow the week before.
Weekly reporting equity funds had an outflow of $7.9 billion after a $7.5 billion outflow the previous week.
- Michael Scarchilli