Updated Saturday, May 18, 2013 as of 9:54 PM ET
This week’s decrease offset some of the $667.90 million that trickled back into tax-exempt money funds last week following $4.49 billion of outflows in the week ended April 29 at the tail end of income tax season -- a period typically characterized by heavy declines in assets.
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Stronger inflows made their way into municipal bond mutual funds, at $306 million for the week of May 15. more »
Pacific Investment Management Co., whose co-founder Bill Gross said last week the 30-year bull market in bonds is probably over, attracted the most client deposits ever in the first quarter. more »
Stock and bond funds, including exchange traded funds, maintained a strong pace of net inflows in April, according to fund industry researcher Strategic Insight (SI). more »
Municipal bond mutual funds saw inflows into weekly-reporting funds, at $22 million, for the first time in 10 weeks. more »
Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million. more »
Investors plunged back into bond funds with gusto for the week ended April 24, after two consecutive weeks of taking their foot off the petal, according to estimates from the Investment Company Institute. more »
Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper. more »
With tax season having passed, muni industry watchers anticipate the outflows to fade soon and interest beyond the front end of the yield curve to rise. more »
The Financial Industry Regulatory Authority has updated its guidance for individual municipal bond investors by urging them to ask brokers questions about issuer disclosures and bond insurer ratings. more »
Tax-free money market funds continued to suffer the effects of federal income tax season as investors withdrew $5.58 billion from industry, leaving total net assets at $263.91 billion, according to The Money Fund Report, a service of iMoneyNet.com. more »
The market saw outflows to muni bond mutual funds for a seventh consecutive week at $535 million. more »
The money market fund industry fell victim to seasonal outflows as significant withdrawals by individuals and corporations signaled the arrival of the filing deadline for federal income tax season in the week ended April 15, according to The Money Fund Report. more »
Volume numbers in the municipal bond market have shifted so far in 2013 to reflect a stronger start in new money issuance from recent years. more »
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