Investors established a new record for withdrawals from municipal bond mutual funds last week as headline risk continued to chase people from state and local government debt funds.
Municipal bond mutual funds that report their figures weekly posted an outflow of $4 billion during the week ended Jan. 19, according to Lipper FMI. That new mark beats the old record of $3.1 billion, set the week ended Nov. 17, by 29%.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access