FYI: It’s only four months into 2019, and already mutual funds that invest in state and local-government debt have raked in more cash than they usually do in a year.
Investors added $1.1 billion to such funds in the week ended April 17, the fifteenth straight weekly influx, the Investment Company Institute reported Wednesday. That bumped the total to about $30 billion since January, more than they’ve drawn during any full year since 2012, according to an analysis of the data by CreditSights.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-04-24/-boom-another-billion-muni-funds-land-a-year-s-worth-of-cash
