Weekly reporting municipal bond mutual funds had a net inflow of $695 million during the period ending May 14, AMG Data Services reported.
The results were down from an $881 million inflow the previous week, but represent the 17th inflow in the last 18 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 $1,215.2 billion inflow from a $1,153.9 billion inflow.
Taxable bond funds that report weekly had a $1.8 billion net inflow after a $2.6 billion inflow the week before.
Weekly reporting equity funds had an outflow of $4.3 billion after a $1.5 billion outflow the previous week.
