UPDATE 1-U.S. muni funds weekly inflows rise to $323.8 mln -Lipper

Thu Feb 28, 2013 5:16pm EST

Feb 28 (Reuters) - U.S. municipal bond funds posted $323.8 million of net inflows in the week ended Feb. 27, compared to $291.5 million of inflows in the previous week, according to data released by Lipper on Thursday.

The four-week moving average remained positive at $303.8 million, said Lipper, a unit of Thomson Reuters.

Investors also put money into high-yield funds, with $69.9 million of net inflows compared to $42.4 million the week before. Inflows into exchange-traded funds tumbled to $11.9 million from $63.02 million the prior week.

Retail investors bought 1.7 bonds for every one they sold in the week ended Feb. 27, a bit up 1.6 during the previous week, according to BondDesk Group.

The number of bonds bought totaled 62,225, while the number of bonds sold was 35,768.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.