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Chinese equity funds worldwide post US$5.3b outflows in week: BofA

[NEW YORK] Chinese stock funds worldwide posted US$5.3 billion in outflows in the week ended July 15 after attracting record US$13 billion inflows the prior week, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

Stock funds overall attracted US$8.3 billion to mark their second straight week of inflows. All of the new cash flowed into stock exchange-traded funds in the latest week. Funds that specialize in US shares attracted US$5.2 billion in new cash, according to the report, which also cited data from fund-tracker EPFR Global.

Bond funds attracted US$1.1 billion to mark their first inflows in six weeks.