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Friday June 25, 10:31
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US muni bond funds see $564 mln weekly outflows
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U.S. municipal bond funds reported $564 million of net cash outflows in the latest week, continuing the trend of outflows that have been seen for over the past three months, AMG Data Services reported late Thursday.
The latest outflows, for the week ended June 23, were less than the previous week, when tax-exempt funds recorded $763 million of net cash outflows.
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 $825 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)
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