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Friday May 14, 09:52
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US muni bond funds see $1.3 bln weekly outflows
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U.S. municipal bond funds reported $1.3 billion of net cash outflows in the latest week, making it the seventh consecutive week of outflows and the largest since Nov. 9, 1994, AMG Data Services said on Friday.
This followed $558 million of net cash outflows in the previous week, AMG said.
The net cash flow figure excludes distributions and reflects actual net cash purchases and sales of shares.
The four-week moving average for municipal funds, based on weekly reporting funds, reflected an outflow of $1 billion, AMG said.
The 2,044 municipal bond funds tracked by Arcata, California-based AMG had assets of $327.2 billion in the latest week.
(AMG)
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