Weekly reporting municipal bond mutual funds had a net inflow of $695 million during the period ending June 11, AMG Data Services reported.
The results were up slightly from a $693 million inflow the previous week, and represent the 21st inflow in the last 22 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 dipped slightly to a $1.3653 billion inflow from a $1.3654 billion inflow.
Taxable bond funds that report weekly had a $1.7 billion net inflow after a $2.0 billion inflow the week before.
Weekly reporting equity funds had an outflow of $1.5 billion after a $4.5 billion inflow the previous week.