Muni bond funds post biggest weekly inflows in over 6 years -ICI

January 6, 2016 7:58 PM

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By Sam Forgione NEW YORK, Jan 6 Investors in U.S.-based mutual funds poured $2.2 billion into funds that hold tax-free municipal bonds in the eight-day period ended Dec. 30, the most in over 6 years, with the strong performance of municipal bonds likely driving inflows.

The inflows, according to data from the Investment Company Institute (ICI), were the biggest since the week ended Oct. 7, 2009. They also marked the funds' 13th straight week of inflows. ICI is a U.S. mutual fund trade organization. Taxable bond funds lost demand and posted $6.8 billion in outflows....

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