(by G. Andersen)
U.S. municipal bond funds saw $274 million of net outflows in the latest week, according to AMG Data Services.
Net outflows in the week ended July 21 were less than the $345 million of outflows the prior week. The four-week moving average was $487 million of outflows in the latest week.
High-yield funds reported a third straight week of inflows. All other types in the report continued to see withdrawals, including long-term, intermediate, and national funds. State-specific funds are not broken out separately.
The report reflects data from 2,044 funds holding $324 billion in assets, according to AMG, based in Arcata, California.