This content is from: Innovation

Investors Put $367M In Muni Funds

Municipal-bond funds gathered $367 million of inflows in the week ended July 13, 2011, according to Lipper FMI, a unit of Thomson Reuters.

Municipal-bond funds gathered $367 million of inflows in the week ended July 13, 2011, according to Lipper FMI, a unit of Thomson Reuters, The Wall Street Journal reports. The funds faced $272 million outflows in the previous week. The funds’ four-week moving average posted a $99 million inflow.

High-yield muni funds also received a net inflow of $67 million in the week ended July14, 2011, as compared to the previous week’s $27 million outflow. Their four-week moving average was $58 million of inflows.

Click here for the story from The Wall Street Journal.

Related Content