Weekly reporting municipal bond mutual funds had a net inflow of $478 million during the period ending April 30, AMG Data Services reported.
The results were down from an $854 million inflow the previous week, and represent the 15th inflow in the last 16 weeks, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.
The four-week moving average for all municipal bond funds - which includes the monthly reporters - fell to a $938.8 million inflow from a $960.0 million inflow.
Taxable bond funds that report weekly had a $1.6 billion net inflow after a $1.8 billion inflow the week before.
Weekly reporting equity funds had an outflow of $3.6 billion after a $3.8 billion inflow the previous week.