European stock funds gain $2.3 bln in new cash - BofA
NEW YORK Aug 16 (Reuters) - Investors worldwide poured $2.3 billion into European stock funds in the latest week, the most in over two years, a Bank of America Merrill Lynch Global Research report showed Friday.
Investors soured on U.S. stock funds in the week ended Aug. 14 and withdrew $1.9 billion, marking the first outflows from the funds in seven weeks.
Stock funds overall attracted $1.3 billion in new cash, down from $9.6 billion in inflows the previous week according to the report, which also cited data from fund-tracking firm EPFR Global.
Bond funds, meanwhile, had $1.4 billion in outflows over the weekly period, down from outflows of $2.2 billion the prior week.
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