UPDATE 1-US muni bond funds post $291.5 mln weekly inflows-Lipper

Thu Feb 21, 2013 4:49pm EST

Feb 21 (Reuters) - U.S. municipal bond funds posted $291.5 million of net inflows in the week ended Feb. 20, compared to $490.9 million of inflows in the previous week, according to data released by Lipper on Thursday.

In a seventh straight week of inflows, the four-week moving average remained positive at $366.26 million, said Lipper, a unit of Thomson Reuters.

Investors also put money into high-yield funds, with $42.4 million of net inflows compared to $106.39 million the week before, and the inflows into exchange-traded funds inched up to$63.02 million from $62.88 million the prior week.

Retail investors bought 1.6 bonds for every one they sold in the week ended Feb. 20, a dip from the 1.7 during the previous week, according to BondDesk Group.

The number of bonds bought totaled 47,592, while the number of bonds sold was 29,129.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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