Emerging market stock funds worldwide post $6.4 billion outflow: BofA

NEW YORK Fri Jan 31, 2014 9:59am EST

The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip

The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013.

Credit: Reuters/Bobby Yip

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NEW YORK (Reuters) - Fund investors worldwide pulled $6.4 billion out of emerging market stock funds in the week ended January 29, marking their biggest outflows since August 2011, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

All stock funds posted outflows of $10.4 billion in the week to Wednesday, reversing the prior week's inflows of $6.6 billion. Stock exchange-traded funds posted $12 billion in outflows, while stock mutual funds attracted $2 billion in new cash.

Funds that specialize in U.S. stocks posted $9.7 billion in outflows, marking the biggest outflows since October 2013, according to the report, which also cited data from fund-tracker EPFR Global.

Investors pulled $1.9 billion from bond funds after committing $2 billion to the funds over the prior week. Investors pulled $2.7 billion out of emerging market bond funds, marking the biggest outflows from the funds since last June.

Commodities funds posted $1.3 billion in withdrawals, marking their biggest outflows in five weeks.

(Reporting by Sam Forgione; Editing by James Dalgleish)

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