Muni bond funds gain $595 million on week, 17th straight inflow

By Paul Deckelman

New York, Jan. 28 – Municipal bond funds – a measure of liquidity in the United States municipal bond market – saw a net inflow of $595 million during the week ended Wednesday, according to data released by the Lipper analytical services unit of ThomsonReuters Corp.

Traditional mutual funds accounted for $502 million of that overall inflow number, with the remainder attributable to exchange-traded municipal funds.

It was the funds’ 17th straight inflow, following the $530 million cash addition reported for last week, ended Jan. 20.

That figure included $422 million of inflows to the traditional mutual funds, with the remainder of the fresh cash coming into municipal ETFs.

The latest week’s inflow was the 18th seen in the last 19 weeks, according to a Prospect News analysis of the figures.

That overwhelmingly positive trend was interrupted only by a $252 million outflow that the funds suffered during the week ended Sept. 30, the funds’ most recent outflow.

With four weeks in the books for 2016 so far – with inflows seen in all of them – the year-to-date net inflow figure rose to $3.113 billion, according to the analysis, up from $2.518 billion last week.

The biggest inflow seen so far this year was the $994.9 million recorded during the week ended Jan. 13.

In 2015, the funds saw 31 inflows, versus 21 outflows.

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