Muni Mutual Funds Maintain Inflows

Funds reporting weekly saw $74 million of inflows, compared with $273 in the prior week. In the past 12 weeks, mutual funds have largely been characterized by an influx of investment, with just three weeks of outflows.

Long-term municipal bond funds added $361 million in the past week, compared with $343 million the week prior.

High-yield bond funds, which have seen inflows throughout the year, added $299 million. Last week those funds gained $504 million.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER