Nearly $1 Trillion Flees US Municipal Bond Funds

Through Wednesday of last week, open end municipal bond funds lost $978 billion in assets the biggest drop since February 1997, according to mutual fund research company AMG Data Services. In October, the average municipal bond fund fell 3.31%, according

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Through Wednesday of last week, open-end municipal bond funds lost $978 billion in assets – the biggest drop since February 1997, according to mutual fund research company AMG Data Services. In October, the average municipal bond fund fell 3.31%, according to Lipper, and has returned 4.70% year-to-date.

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