Investor demand for single-state tax-exempt mutual funds continued to outpace demand for national funds through the third quarter of 1993, according to data from the Investment Company Institute.

Net sales of single-state municipal bond funds increased by 51.5% during the first nine months of 1993, to $17.86 billion. National funds saw a smaller 41.7% increase, to $19.16 billion, the mutual fund trade group said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.