MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 21, 2009 Muni Funds Raking in Assets Inflows into muni funds are helping provide liquidity for state and local governments despite current low yields, reports the Bond Buyer. The trade paper adds that flows into muni funds hit $1.51 billion for the week ending September 16 based on data collected by Lipper FMI. So far this year flows into muni funds have hit a record $56.4 billion. Lipper FMI's data is a continuation of the data series collected by AMG Data since the early 1990s. Lipper purchased AMG Data last month. Last week's flows into muni funds were the highest since AMG Data began tracking the data nearly two decades ago. The prior four-week average high had been $1.37 billion. The flows into muni funds are coming largely from investors pulling cash out of money market funds, according to the article. Printed from: MFWire.com/story.asp?s=22670 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |