Municipal-bond mutual funds saw net inflows of $417million in the week ended October 19, The Wall Street Journal reports. The funds had received net inflows of $84 million the previous week, according to Thomson Reuters Corp.’s unit Lipper FMI.

Between November, 2010, and mid-June this year, weekly reporting funds witnessed withdrawal of $35.1 billion over 29 successive weeks. The fund’s four-week moving average stood at $247million net inflow, relative to a $217 million net inflow in the preceding four-week period. The high-yield muni funds received a net inflow of $36 million during the week as against $23 million net inflow the previous week.

Click here for the story from The Wall Street Journal.