Weekly reporting municipal bond mutual funds had a net outflow of $338 million during the period ending March, AMG Data Services reported.
The results were down from a $170 million inflow the previous week, and represent the first week of outflows following seven straight weeks of inflows, 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 - fell to a $360.5 million inflow from a $762.9 million inflow.
Taxable bond funds that report weekly had a $2.9 billion net inflow after a $3.4 billion inflow the week before.
Weekly reporting equity funds had an outflow of $1.8 billion after a $2 billion inflow the previous week.