Muni Mutual Funds See Net Inflow of $667 Million

Weekly reporting muni bond mutual funds had a net inflow of $667 million in the period ended March 12, AMG Data Services reported.

The results were up from a $338 million outflow the previous week, and represent the eighth inflow in the last nine weeks, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.

The four-week moving average for all muni bond funds — which includes the monthly reporters — rose to a $422.9 million inflow from a $360.5 million inflow.

Taxable bond funds that report weekly had a $1.3 billion net inflow after a $2.9 billion inflow the previous week. Weekly reporting equity funds had an outflow of $1.4 billion after a $1.8 billion outflow the previous week.

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