Municipal bond funds again reported outflows in the latest week, according to Lipper FMI data released on Thursday.
Weekly reporting funds experienced $95.986 million of outflows in the week ended Sept. 9, after outflows of $586.481 million in the previous week, Lipper reported.
The latest outflow brings to 19 out of 37 weeks this year that the funds have had redemptions. Inflows for the year to date are still in the green, totaling nearly $2 billion.
The four-week moving average remained negative at $245.843 million after being in the red at $219.075 million in the previous week. The moving average has now been negative for 16 weeks in a row. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds experienced inflows, gaining $12.690 million in the latest week, after outflows of $323.912 million in the previous week. Intermediate-term funds saw outflows of $9.352 million after outflows of $82.230 million in the prior week.
Exchange traded funds reported inflows of $28.812 million, after outflows of $41.635 million in the previous week.
And high-yield muni funds saw outflows of $6.069 million in the latest reporting week, following an outflow of $123.945 million the previous week.
In the past 20 weeks, high-yield funds have reported outflows 14 times totaling $1.945 billion and inflows six times totaling $322.011 million.
