Weekly reporting municipal bond mutual funds had a net inflow of $903 million during the period ending May 28, AMG Data Services reported.

The results were up from an $815 million inflow the previous week, and represent the largest net inflow to the sector since Feb. 8, 2006, and also represent the 19th inflow in the last 20 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 municipal bond funds - which includes the monthly reporters - rose to a $1.31 billion inflow from a $1.21 billion inflow.

Taxable bond funds that report weekly had a $1.8 billion net inflow after a $2.3 billion inflow the week before.

Weekly reporting equity funds had an inflow of $905 million following a $1.1 billion outflow 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.