Weekly Reporters Post a Net Inflow of $845 Million

Weekly reporting municipal bond mutual funds had a net inflow of $845 million during the period ending April 23, AMG Data Services reported.

The results were up from a $450 million inflow the previous week and represent the largest inflows to the sector since Aug. 7, 2002, and also represent the 14th inflow in the last 15 weeks, 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 $960.3 million inflow from an $838.9 million inflow.

Taxable bond funds that report weekly had a $1.8 billion net inflow after a $928 million inflow the week before.

Weekly reporting equity funds had an inflow of $3.8 billion following a $9.9 billion outflow the previous week.

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