TITLE

With '04 Behind Them, Muni Funds Gain $870M in January

AUTHOR(S)
Johnson, Matthew
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that, according to Investment Company Institute data, municipal bond mutual fund inflows grew to $870 million in January and equity fund inflows slowed to $8,718 billion. The sizeable inflows into municipal funds contrasted with a dismal 2004, in which the funds experienced $13.68 billion in outflows, the third worst annual performance on record. In January of last year, municipal bond funds had a net outflow of $224 million, while stock funds gained $42,965 billion. In January 2004, tax-exempt money market funds had a net inflow of $10,141 billion, while taxable funds lost $29.594 billion.
ACCESSION #
16283984

 

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