Weekly Reporters Post $252 Million Net Inflow

Weekly reporting municipal bond mutual funds had a net inflow of $252 million during the period ending Sept. 3, AMG Data Services reported.

The results were down from a $432 million inflow the previous week, but represent the 32d inflow in the last 33 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 muni bond funds - which includes the monthly reporters - rose to a $726.4 million inflow from a $667.0 million inflow.

Taxable bond funds that report weekly had a $1.7 billion net inflow following an $895 million inflow the week before.

Weekly reporting equity funds had an inflow of $4.7 billion after a $3.7 billion outflow the previous week.

High-yield municipal bond fund net inflows for the week ended Sept. 3 were $62.7 million.

Overall municipal assets total $395.7 billion as of the week ended Sept. 3.

 

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