Municipal bond funds saw inflows in the latest week, according to Lipper data released on Thursday.
Funds which report weekly saw $43.656 million of inflows in the week ended Aug. 19, after seeing inflows of $11.087 million in the previous week, Lipper reported. The latest inflow brings to 18 out of 34 weeks this year that the funds have seen a cash infusion. Inflows for the year to date are still in the green, totaling $3.008 million.
The four-week moving average remained negative at $81.719 million after being in the red at $61.280 million in the previous week. The moving average has now been negative for 13 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 $289.019 million in the latest week, after seeing inflows of $134.829 million in the previous week. Intermediate-term funds saw outflows of $6.790 million after seeing inflows of $8.368 million in the prior week.
Exchange traded funds saw outflows of $19.800 million, after experiencing inflows of $49.071 million in the previous week.
And high-yield muni funds saw inflows of $182.789 million in the latest reporting week, after seeing an inflow of $60.437 million the previous week.
In the past 17 weeks, high-yield funds have seen outflows 11 times totaling $1.775 billion and inflows six times totaling $322.011 million.
