Investors put slightly more money into municipal bond funds than they took out in June, according to figures released yesterday by the Investment Company Institute.

But municipal investors with exchange privileges allowing them to swap into other areas such as junk and government bonds, stocks, or money market funds, proved slightly more willing to leave municipals, ICI spokesman John Collins said. "June was essentially a month of more sideways movement than primarily up and down," Collins said. Overall, however, June showed little change in investor sentiment from the previous month, he said.

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