Weekly reporting municipal bond mutual funds had a net inflow of $251 million during the period ending July 16, AMG Data Services reported.
The results were down from a $272 million inflow the previous week, but represent the 25th inflow in the last 26 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 to a $596.7 million inflow from a $627.5 million inflow. Taxable bond funds that report weekly had a $972 million net outflow following a $351 million inflow the week before.
Weekly reporting equity funds had an inflow of $1.7 billion after a $1.6 billion inflow the previous week.