Lipper Corrects Data: Muni Bond Funds See Inflows

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For the 40th straight week, municipal bond funds reported inflows, according to corrected Lipper data released on Friday. On Thursday, Lipper erroneously reported that weekly reporting funds had experienced an outflow.

The error was made in due to a data miscalculation of several American Funds single-state funds that had been consolidated into its national fund. Lipper revised its numbers on the overall reporters, moving average and long-term funds.

The weekly reporters saw $737.996 million of inflows in the week ended July 6, after inflows of $716.009 million in the previous week, Lipper said.

The four-week moving average remained positive at $950.126 million after being in the green at $978.741 million in the previous week. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.

Long-term muni bond funds experienced inflows, gaining $374.956 million in the latest week after inflows of $671.567 million in the previous week. Intermediate-term funds had inflows of $147.424 million after inflows of $124.510 million in the prior week.

National funds had inflows of $688.442 million on top of inflows of $614.091 million in the previous week. High-yield muni funds reported inflows of $200.676 million in the latest reporting week, after inflows of $380.466 million the previous week.

Exchange traded funds saw inflows of $197.821 million, after inflows of $66.835 million in the previous week.

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