Municipal mutual funds gained new cash for the fifth time in six weeks, adding $320.03 million in the period ended Feb. 19, Lipper FMI reported.
The inflows among funds that report flows weekly, followed the previous week's gains of $82.13 million. Assets of all weekly reporting municipal funds increased to $278.72 billion, up from $277.83 billion.
The four-week moving average increased to $127.11 million from $68.56 million.
Long-term municipal mutual funds that report their flows weekly posted inflows of $156.79 million following $93.74 million of inflows in the week before.
Those assets inched up to $148.78 billion after ending at $148.23 billion in the prior week. The four-week moving average of the long-term funds remained negative at $20.24 million, improving from negative $53.30 million the previous week.
High-yield mutual funds, meanwhile, generated $244.77 million of new cash on the heels of $161.18 million previously. Assets rose to $377.65 billion, up from $374.01 billion the week before, while the four-week moving average stayed positive at $200.77 billion, versus $179.64 billion.
