Billions of dollars continued to flow into municipal bond mutual funds, gaining $1.5 billion for the week ending Aug. 26, according to Lipper FMI.
This is the fifth consecutive week of $1 billion-plus inflows, with last week pulling in $1.3 billion. This week marks the 34th straight week of inflows, for a total of more than $46.8 billion.
The four-week moving average was $1.4 billion in inflows, the report said.
The week of Aug. 26 had high-yield muni fund flows of $214 million, up from %166 million the previous week, Lipper FMI said. The four-week moving average in this area was $157 million, up from $133 million the previous week.