Municipal bond funds reported inflows for the 10th straight week, according to Lipper data released on Thursday.
Weekly reporting funds experienced $741.968 million of inflows in the week ended Dec. 9, after inflows of $364.051 million in the previous week.
The latest inflow brings to 29 out of 50 weeks this year that the funds have seen cash flowing in. Flows for the year to date remain positive, totaling over $4.5 billion.
The four-week moving average remained positive at $543.721 million after being in the green at $440.603 million in the previous week. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds also experienced inflows, gaining $249.348 million in the latest week, on top of inflows of $111.303 million in the previous week. Intermediate-term funds had inflows of $357.572 million after inflows of $290.874 million in the prior week.
National funds had inflows of $734.578 million on top of inflows of $373.795 million in the prior week. High-yield muni funds reported inflows of $203.227 million in the latest reporting week, after an inflow of $122.236 million the previous week.
Exchange traded funds saw inflows of $121.669 million, after inflows of $33.226 million in the previous week.
THE BOND BUYER
BY CHIP BARNETT
DEC 10, 2015 5:42pm ET