Weekly reporting municipal bond mutual funds had a net inflow of $509 million during the period ending July 23, AMG Data Services reported.
The results were up from a $251 million inflow the previous week and represent the 26th inflow in the last 27 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 a $608.7 million inflow from a $596.7 billion inflow.
Taxable bond funds that report weekly had a $1.1 billion net inflow after a $972 million outflow the week before.
Weekly reporting equity funds had an outflow of $9.6 billion following a $1.7 billion inflow the previous week.