Municipal bond fund inflows rose after declining for three straight weeks.
Funds that report weekly had $85.3 million of inflows for the period ending Nov. 5, up from $37 million the week before, according to Lipper FMI.
Assets of all weekly reporting municipal funds dropped to $313.7 billion from $313.9 billion. The four-week moving average dropped to $151.8 million from $321.0 million.
Flows for long-term muni funds were negative, as they reported $191.7 million in outflows. This is worse than last week when long-term muni funds showed $12.8 million in outflows.
Long-term municipal mutual fund assets dropped to $164.8 billion from $165.1 billion last week. The four-week moving average for the long-term funds was an inflow of $90.8 million, down from $224 million last week.
High yield funds recovered, reporting inflows totaling $18.4 million following outflows of $20.8 million previously. Assets rose to $48.1 billion from $47.98 billion last week. The four-week moving average fell to $82.7 million from $143 million.
