Investors continued to ferry cash out of their municipal bond mutual funds at historic rates last week as a tumultuous sell-off sowed fear among buyers.
Mutual funds that report their figures weekly posted a net outflow of $2.73 billion for the week ended Dec. 15, according to Lipper FMI. It was the fifth-consecutive weekly outflow for municipal funds.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access