Muni Bond Funds See Inflows for 30th Straight Week

lipperfundflows0428.jpeg
lipperfundflows0428.jpeg

For the 30th week in a row, municipal bond funds reported inflows, according to Lipper data released Thursday, as demand for tax-exempts remained high through tax season.

Weekly reporting funds saw $1.173 billion of inflows in the week ended April 27, after inflows of $555.910 million in the previous week, Lipper said.

The four-week moving average remained positive at $674.752 million after being in the green at $577.356 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 $1.079 billion in the latest week after inflows of $608.416 million in the previous week. Intermediate-term funds had inflows of $264.111 million after inflows of $157.788 million in the prior week.

National funds had inflows of $1.061 billion on top of inflows of $425.537 million in the previous week. High-yield muni funds reported inflows of $282.980 million in the latest reporting week, after inflows of $255.632 million the previous week.

Exchange traded funds saw inflows of $108.132 million, after inflows of $130.773 million in the previous week.

According to the Investment Company Institute, long-term municipal bond funds saw inflows in the week ended April 20.

Muni funds saw $1.143 billion of inflows in the latest reporting week after experiencing $856 million of inflows in the previous week, ICI reported on Wednesday.

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