Weekly reporting municipal bond mutual funds had a net inflow of $450 million during the period ending April 16, AMG Data Services reported.
The results were up from a $345 million inflow the previous week, and represent the 13th inflow in the last 14 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 an $838.9 million inflow from a $780.4 million inflow.
Taxable bond funds that report weekly had a $928 million net inflow after a $2.9 billion inflow the week before.
Weekly reporting equity funds had an outflow of $9.9 billion following a $901 million inflow the previous week.
