Weekly reporting municipal bond mutual funds had a net inflow of $693 million during the period ending June 4, AMG Data Services reported.

The results were down from a $903 million inflow the previous week, and represent the 20th inflow in the last 21 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 $1.365 billion inflow from a $1.312 billion inflow.

Taxable bond funds that report weekly had a $2.0 billion net inflow, after a $1.8 billion inflow the week before.

Weekly reporting equity funds had an inflow of $4.5 billion, after a $905 million inflow the previous week.

 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.