CHICAGO -- Weekly reporting municipal bond mutual funds had a net inflow of $815 million during the period ending May 21, AMG Data Services reported.
The results were an increase from a $695 million inflow the previous week, and represent the 18th inflow in the last 19 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 municipal bond fundswhich includes the monthly reportersfell to a $1,205.8 billion inflow from a $1,215.2 billion inflow the week earlier.
Taxable bond funds that report weekly had a $2.3 billion net inflow after a $1.8 billion inflow the week before. Weekly reporting equity funds had an outflow of $1.1 billion, after a $4.3 billion outflow the previous week.