MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 24, 2010 Investors Embrace Muni-Bond Funds Investors are flooding into municipal bond mutual funds and embracing their yields, which were once scorned as being far too low, according to a Bond Buyer article . Municipal bond mutual funds that report their figures weekly posted a net inflow of $927.1 million during the week ended Aug. 18, writes Dan Seymour, citing data from Lipper FMI. All funds, including those that report their figures monthly, have reported an average of $1.14 billion in new assets from investors the past four weeks. And the combination of $25.9 billion in new money and $22.9 billion in market gains this year has expanded the industry's assets by 10.8 percent in 2010, to a record $514.85 billion. The article also cites Josh Gonze, who co-manages six municipal bond mutual funds for Thornburg Investment Management, and Greg Kurek, client portfolio manager in the fixed-income and currencies group at JPMorgan Asset Management. Printed from: MFWire.com/story.asp?s=33236 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |