Stock funds worldwide have $6.5 bln outflow - BofA
NEW YORK Oct 11 (Reuters) - Investors in funds worldwide pulled $6.5 billion out of stock funds in the latest week, marking the largest such outflows in five weeks, data from a Bank of America Merrill Lynch Global Research report showed Friday.
Money market funds had outflows of $23 billion in the week ended Oct. 9, marking the biggest outflows in four months, according to the report, which also cited data from fund-tracker EPFR Global.
U.S. stock funds had $10.3 billion in outflows in the latest week, marking the largest outflows in seven weeks as U.S. stock markets fell.
European stock funds, meanwhile, attracted $700 million in new cash, marking the 15th straight week of inflows. Japanese stock funds had inflows of $1.1 billion, marking their fifth straight week of inflows.
Investors pulled $1.8 billion from bond funds but high-yield bond funds attracted $1.1 billion in inflows, marking the fifth straight week of new demand for the funds.
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Twitter backtracks on block feature after users revolt
- Iran angry over U.S. sanctions, nuclear talks interrupted