Inflows into municipal mutual funds more than tripled this week.
The inflows surged to $762.2 million for the week ending Oct. 8 from $236.5 million the previous week.
Assets of all weekly reporting municipal funds rose to $313 billion from $311.8 billion the week before. The four-week moving average inflow grew to $446 million from $373 million.
Inflows for long-term muni funds increased too, totaling $441.7 million from $119.1 million previously.
Long-term municipal mutual fund assets rose to $164.5 billion from $163.7 billion last week. The four-week moving average of the long-term fund was an inflow of $244.8 million, up from $200.1 million last week.
High yield fund inflows jumped to $259.9 million from $170.91 million the week before. Assets increased to $475.7 billion from $472.3 billion. The four-week moving average was $198.4 million, up from $192.4 million.
