Municipal-bond mutual funds saw $84 million in inflows in the week ended October 12, The Wall Street Journal reports. The funds had seen net outflows of $113 million the previous week, according to Thomson Reuters Corp.’s unit Lipper FMI.
Between November and mid-June, investors had withdrawn $35.1 billion over 29 successive weeks. The fund’s four-week moving average stood at $217 million in inflows, relative to $313 million in net inflows in the previous four-week period. The high-yield muni funds saw a net inflow of $23 million compared to $70 million in net outflows the previous week.
Click here for the story from The Wall Street Journal.