Weekly reporting municipal bond mutual funds had a net outflow of $573 million during the period ending Jan. 3, AMG Data Services reported.
The results were up from a $443 million outflow the previous week, and represent the fourth straight week of outflows, according to the Arcata, Calif.-based fund tracker. Of the last 12 weeks, eight have reported outflows.
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 funds — which includes the monthly reporters — grew to a $830.8 million outflow from a $372.4 million outflow the previous week.
Taxable bond funds that report weekly had a net inflow of $139 million after a $2 billion inflow the week before.
Weekly reporting equity funds had an outflow of $4.1 billion after a $12.645 billion inflow the previous week.