Weekly reporting municipal bond mutual funds had a net outflow of $398 million during the period ending Sept. 24, AMG Data Services reported.
The results were down from an $89 million inflow the previous week, and represents the first outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker. The last time an outflow was posted was the week ended March 5, when there were $338 million in outflows. That outflow followed seven straight inflows, making this week's outflow end a string of 34 inflows in the past 35 weeks.
The four-week moving average for all muni bond funds - which includes the monthly reporters - fell to a $484.1 million inflow from a $691.7 billion inflow.
Taxable bond funds that report weekly had a $4.3 billion net outflow, after a $4.3 billion outflow the week before as well.
Weekly reporting equity funds had an inflow of $13.9 billion, after a $4.4 billion inflow the previous week.