Weekly reporting municipal bond mutual funds had a net inflow of $1.702 billion during the week ending Oct. 7, Lipper FMI reported.
The results follow a $1.41 billion inflow the previous week, and bring the rate of inflows to muni bond funds to $2.81 billion per week.
Many funds report their inflows once a month. For this reason, Lipper considers the average weekly inflow over the past four weeks the best indicator of trends.
The four-week moving average for all muni bond funds — which includes the monthly reporters — moved to a $2.89 billion inflow from a $2.21 billion inflow.
Taxable bond funds that report weekly had a $4.7 billion net inflow after a $4.5 billion inflow the week before, bringing the rate of inflows of the $1.981 trillion sector to $10.64 billion per week — the largest weekly flow rate on record.
Weekly reporting equity funds had an outflow of $4.5 billion after a $460 million inflow the week before.