Inflows for all municipal bond funds rose by 661% this week.
Funds that report weekly had $649 million of inflows for the period ending Nov. 12, up from $85.3 million the week before, according to Lipper FMI.
This is the second week in a row fund flows grew. Before that, they had declined for three straight weeks.
Assets of all weekly reporting municipal funds increased to $314.3 billion from $313.7 billion. The four-week moving average grew to $203.1 million from $151.8 million.
Flows for long-term muni funds reversed, as they reported $186 million in inflows after $191.7 million in outflows last week.
Long-term municipal mutual fund assets rose to $165 billion from $164.8 billion last week. The four-week moving average for the long-term funds came in negative with an outflow of $1.2 million, down from $90.8 million last week. This is because the previous four week moving average included the week of Oct. 15 inflow of $554 million.
High yield funds recovered, reporting inflows totaling $127.5 million following inflows of $18.4 million previously. Assets rose to $48.2 billion from $48.1 billion last week. The four-week moving average fell to $29.4 million from $82.7 million.
