Municipal bond funds experienced outflows in the latest week, according to Lipper data released on Thursday.
Funds which report weekly said there were $586.481 million of outflows in the week ended Sept. 2, after reporting outflows of $344.563 million in the previous week, Lipper reported.
The latest outflow brings to 18 out of 36 weeks this year that the funds have seen redemptions. Inflows for the year to date are still in the green, totaling over $2 billion.
The four-week moving average remained negative at $219.075 million after being in the red at $149.516 million in the previous week. The moving average has now been negative for 15 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 had outflows, losing $323.912 million in the latest week, after outflows of $29.224 million in the previous week. Intermediate-term funds reported outflows of $82.230 million following outflows of $44.327 million in the prior week.
Exchange traded funds saw outflows of $41.635 million, after inflows of $61.284 million in the previous week.
And high-yield muni funds reported outflows of $123.945 million in the latest reporting week, after an outflow of $40.317 million the previous week.
In the past 19 weeks, high-yield funds have seen outflows 13 times totaling $1.939 billion and inflows six times totaling $322.011 million.
