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US-based stock funds attract US$8.6b in latest week: Lipper

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Investors in US-based funds poured roughly US$8.6 billion into stock funds in the week ended March 18, marking their sixth straight week of inflows, data from Thomson Reuters' Lipper service showed on Thursday.

[NEW YORK] Investors in US-based funds poured roughly US$8.6 billion into stock funds in the week ended March 18, marking their sixth straight week of inflows, data from Thomson Reuters' Lipper service showed on Thursday.

The inflows were the biggest since late December. Domestic-focused stock funds attracted US$5.2 billion, while funds that specialize in stocks outside the United States attracted US$3.3 billion.

Taxable bond funds attracted US$2.3 billion in new cash, reversing outflows of US$1.8 billion the prior week. Money market funds posted US$21 billion in outflows to mark their biggest weekly withdrawals since June of last year.

REUTERS

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