Weekly reporting municipal bond mutual funds had a net outflow of $183 million during the period ending Jan. 9, AMG Data Services reported.
The results were up from a $571 million outflow the previous week, and represent the first week of inflows following eight straight weeks of outflows, 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 a $593.7 million outflow from an $830.9 million outflow.
Taxable bond funds that report weekly had a $2.5 billion net inflow after a $139 million inflow the week before.
Weekly reporting equity funds had an outflow of $8.4 billion after an $8.3 billion outflow the previous week.