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US-based stock funds attract US$8.4b in latest week
[ NEW YORK] Investors in US-based funds poured US$8.4 billion into stock funds in the week ended March 4, marking their biggest inflows since late December, data from Lipper, a unit of Thomson Reuters, showed on Thursday.
Funds that specialize in non-US stocks attracted most of the new cash, at US$6.9 billion, while US-focused stock funds attracted about US$1.5 billion. Funds that specialize in emerging market stocks attracted US$1.4 billion, their biggest inflows since June 2014.
Taxable bond funds attracted US$170 million in new cash, marking their ninth straight week of inflows. Funds that specialise in US Treasuries posted US$2.8 billion in outflows, their biggest withdrawals since June 2014.