Municipal bond funds saw inflows in the latest week, according to the Lipper.
Funds which report weekly saw $11.087 million of inflows in the week ended Aug. 12, after seeing outflows of $308.245 million in the previous week, Lipper reported. The latest inflow brings to 17 out of 33 weeks this year that the funds have seen a cash infusion. Inflows for the year to date are still in the green, totaling $2.964 million.
The four-week moving average remained negative at $61.280 million after being in the red at $71.365 million in the previous week. The moving average has now been negative for 12 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 also experienced inflows, gaining $134.829 million in the latest week, after seeing outflows of $208.019 million in the previous week. Intermediate-term funds saw inflows of $8.368 million after seeing outflows of $1.413 million in the prior week.
Exchange traded funds saw inflows of $49.071 million, after experiencing inflows of $40.478 million in the previous week.
And high-yield muni funds saw inflows of $60.437 million in the latest reporting week, after seeing an outflow of $57.808 million the previous week.
In the past 16 weeks, high-yield funds have seen outflows 11 times totaling $1.775 billion and inflows five times totaling $139.222 million.
