Municipal Market Health and Outflows: Gene Gard, of Dupree Published September 25, 2013 6:00 PM | Updated February 4, 2020 2:39 PM 5:32 Facebook Twitter LinkedIn Email Heavy outflows to municipal bond mutual funds continue, indicating falling demand in munis. But Gene Gard, co-portfolio manager of the Dupree Municipal Bond Fund family, still sees strength in the marketplace.