Despite September Gains, Muni Funds' 3Q Stays Negative

Johnson, Matthew
November 2004
Bond Buyer;11/3/2004, Vol. 350 Issue 32003, p6
Trade Publication
The article provides information on the financial condition of the municipal bond mutual funds in the third quarter. Municipal bond mutual funds reversed course in September 2004, with a net inflow of 90 million dollars. While the third quarter showed a net loss, municipal bond funds showed a marked improvement from the second quarter, when they had a net loss of 11.62 billion dollars. September 2004, net gain did not reflect robust growth but was a turnaround from August 2004, when the net loss was 366 million dollars. In July 2004, the funds lost 1.28 billion dollars.


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