The hemorrhaging from municipal bond mutual funds is over.
After 29 straight weeks of outflows, there were net inflows in the week ended June 8 of $274 million for muni bond funds that report their flows weekly, according to Lipper FMI.
Investors withdrew $436 million from muni funds in the previous week.
For every week since mid-November, money poured out of muni bond funds, often at weekly rates exceeding $1 billion. In the week of Jan. 19, investors in weekly reporting funds pulled more than $4 billion, Lipper reported.
Assets for funds that report their flows weekly ticked up this week to almost $318 billion from just under $317 billion the previous week. The value of the holdings for weekly reporting funds climbed by $562 million. Last week, they reported a jump of $1.2 billion.
Among all municipal bond mutual funds that report their flows weekly, the four-week moving average dropped to a $141.5 million outflow from a $233.6 million outflow the week before.
