Investors poured more money into municipal bond mutual funds this past week, marking a 28th straight week of inflows.
Funds that report their flows weekly recorded inflows of $666 million for the week ended Oct. 24, Lipper FMI numbers show.
That’s up from the $621 million in inflows for the week ended Oct. 17. And it still exhibits a healthy amount of demand for munis among investors. For further perspective, muni bond funds have seen inflows for 57 of the past 60 weeks.
Both long-term and high-yield muni bond funds that report their flows weekly also saw robust inflows on the week, Lipper reported.