Municipal bond funds reported outflows for the fourth straight week, according to Lipper data released on Thursday.
Weekly reporting funds experienced $411.069 million of outflows in the week ended Sept. 16, after outflows of $95.986 million in the previous week, Lipper reported.
The latest outflow brings to 20 out of 38 weeks this year that the funds have seen redemptions. Inflows for the year to date are still in the green, totaling over $1.5 billion.
The four-week moving average remained negative at $359.525 million after being in the red at $245.843 million in the previous week. The moving average has now been negative for 18 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 $12.897 million in the latest week, on top of inflows of $12.690 million in the previous week. Intermediate-term funds had outflows of $157.937 million after outflows of $9.352 million in the prior week.
Exchange traded funds saw inflows of $65.897 million, after inflows of $28.812 million in the previous week.
And high-yield muni funds reported outflows of $348,000 in the latest reporting week, after an outflow of $6.069 million the previous week.
In the past 21 weeks, high-yield funds have had outflows 15 times totaling $1.946 billion and inflows six times totaling $322.011 million.
