Skip to content
Subscriber Only

‘Boom, Another Billion’: Muni Funds Land a Year's Worth of Cash in Four Months

  • Funds have already seen $30 billion inflow, analyst says
  • Bid to drive down tax bills pushes munis to pricey levels
Views Of Manhattan As U.S. Stocks Advance
Photographer: Michael Nagle/Bloomberg

It’s only four months into 2019, and already mutual funds that invest in state and local-government debt have raked in more cash than they usually do in a year.

Investors added $1.1 billion to such funds in the week ended April 17, the fifteenth straight weekly influx, the Investment Company Institute reported Wednesday. That bumped the total to about $30 billion since January, more than they’ve drawn during any full year since 2012, according to an analysis of the data by CreditSights.