U.S. municipal bond funds reported $763 million in net cash outflows in the latest week, according to AMG Data Services.
The net cash flow figure excludes distributions and reflects actual net cash purchases and sales of shares.
The latest municipal bond fund flows for the week ended June 16 were more severe than the previous week, when tax-exempt funds recorded $536 million in outflows. The data was released Thursday.
The four-week moving average for municipal funds, based on weekly reporting funds, reflected an outflow of $838 million, AMG said.
The 2,043 municipal bond funds, tracked by Arcata, California-based AMG, had assets of $323.1 billion in the latest week.
(AMG)