Weekly Reporters See Inflow of $368 Million

Weekly reporting municipal bond mutual funds had a net inflow of $368 million during the period ending March 26, AMG Data Services reported.

The results were up from a $219 million outflow the previous week, and represent the 10th inflow in the last 11 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 $479.2 million inflow from a $430.3 million inflow.

Taxable bond funds that report weekly had a $196 million net outflow after a $429 million outflow the week before.

Weekly reporting equity funds had an outflow of $11.5 billion following a $22.9 billion inflow the previous week.

 

For reprint and licensing requests for this article, click here.
Buy side
MORE FROM BOND BUYER