Muni Bond Funds See Inflows for 28th Straight Week

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For the 28th week in a row, municipal bond funds reported inflows, according to Lipper FMI data released Thursday.

Weekly reporting funds had $463.733 million of inflows in the week ended April 13, after inflows of $505.885 million in the previous week, Lipper said. The four-week moving average remained positive at $663.753 million after being in the green at $742.822 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 also experienced inflows, gaining $407.212 million in the latest week after inflows of $424.721 million in the previous week. Intermediate-term funds had inflows of $253.410 million after inflows of $205.411 million in the prior week.

National funds had inflows of $342.094 million on top of inflows of $391.385 million in the previous week. High-yield muni funds reported inflows of $160.322 million in the latest reporting week, after inflows of $16.846 million the previous week.

However, exchange traded funds saw outflows of $57.384million, after outflows of $135.237 million in the previous week.

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