Weekly reporting municipal bond mutual funds had a net inflow of $461 million during the period ending June 25, AMG Data Services reported.
The results were up from a $374 million inflow the previous week, but represent the 23d inflow in the last 24 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, dipped to a $1.14 billion inflow from a $1.26 billion inflow.
Taxable bond funds that report weekly had a $1.3 billion net outflow following a $1.0 billion inflow the week before.
Weekly reporting equity funds had an outflow of $13.5 billion after a $22 billion inflow the previous week.
