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Lipper: Investor Demand Remains Strong For Municipal Bond Funds

TedTed
in The Bullpen
FYI: Municipal debt funds (including both mutual funds and ETFs) took in $1.5 billion in net new money for the fund-flows week ended Wednesday, May 22. These results marked the group’s twentieth straight weekly net inflow (every week this year), during which time they’ve grown their coffers by $36.8 billion. Demand for muni bond funds during this streak has been intense, as net inflows have been greater than $1.0 billion in fifteen of the weeks. For comparative purposes, the last similar run of inflows for the group occurred between October 2015 and October 2016, when muni bond funds had net inflows in 54 consecutive weeks. But during this 54-week run, they only topped $1.0 billion in net new money eight times and their total take was $38.1 billion—just slightly more than the $36.8 billion for the year-to-date 2019. In fact, this year’s results to date would represent the third largest annual net inflow ever for the muni bond fund group.
Regards,
Ted
http://lipperalpha.refinitiv.com/2019/05/investor-demand-remains-strong-for-municipal-bond-funds/?utm_source=Eloqua&utm_medium=email&utm_campaign=00008DM_NewsletterLipperAlphaInsightFundInsightsWeekly_Other&utm_content=Newsletter_FundsWeekly_27May2019&elqTrackId=89a92986bfa24ba68e7d25cc2f8f262b&elq=eb3100272c624b4c8fd11ea2c5864559&elqaid=47834&elqat=1&elqCampaignId=166
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