Municipal mutual funds reported inflows increased to $943.23 million in the week ended May 8 from $26.38 million of outflows the week before.
Assets of all weekly reporting municipal funds increased to $288.16 billion from $286.40 billion the week before, Lipper FMI reported.
The four-week moving average inflow advanced to $308.79 million from $141.42 million.
Long-term municipal mutual funds that report their flows weekly had an inflow of $646.98 million following an inflow of $56.22 million the previous week.
Those assets inched up to $155.56 billion after ending at $154.29 billion the week before. The four-week moving average of the long-term fund was increased to an inflow of $327.23 million from $251.21 million the week before.
Inflows to high-yield mutual funds rose to $476.82 million from the previous week's $244.14 million. Assets increased to $421.18 billion, up from $414.24 billion and the four-week moving average inflow advanced to $313.50 million from $275.17 million.
Maria Bonello is a reporter for The Bond Buyer
