U.S. municipal bond funds report $13 mln weekly outflows-Lipper

Thu Jan 3, 2013 5:00pm EST

Jan 3 (Reuters) - U.S. municipal bond funds reported $13 million of net outflows in the week ended Jan. 2, down from $423 million of net outflows in the previous week, according to data released by Lipper on Thursday.

The four-week moving average was negative at $610 million, said Lipper, a unit of Thomson Reuters.

High-yield funds reported outflows of $104 million, following a net outflow of $261 million the week before.

Flows out of exchange-traded municipal bond funds totaled $7.3 million, compared to outflows of $1.9 million in the last week of December.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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