Municipal bond funds reported inflows for the second week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $520.807 million of inflows in the week ended Oct. 14, after inflows of $714.012 million in the previous week, Lipper said.
The latest inflow brings to 21 out of 42 weeks this year that the funds have seen cash flowing in. Inflows for the year to date remain in the green, totaling over $2.5 billion.
The four-week moving average remained positive at $303.404 million after being in the green at $70.434 million in the previous week. 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 $400.314 million in the latest week, on top of inflows of $685.022 million in the previous week. Intermediate-term funds had inflows of $47.494 million after inflows of $57.063 million in the prior week.
High-yield muni funds reported inflows of $206.815 million in the latest reporting week, after an inflow of $270.816 million the previous week.
Exchange traded funds saw inflows of $38.537 million, after inflows of $185.961 million in the previous week.
