For portfolio managers of municipal bond funds, the past several months haven’t been for the faint of heart. Still, muni fund managers report mixed experiences in riding out the prolonged flood of outflows.
At Pioneer Investments in Boston, the investment-grade side has seen outflows. That falls in line with the industry at large. But the high-yield fund has seen positive flows for roughly the past eight weeks, according to Timothy Pynchon, the fund’s manager.
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