Stock funds worldwide attract $11.5 bln after record outflow - BofA
NEW YORK Feb 14 (Reuters) - Fund investors worldwide committed $11.5 billion to stock funds in the week ended Feb. 12, reversing the prior week's record outflows, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
The inflows into stock funds reversed the prior week's outflows of $28.3 billion, which were a record in dollar terms. U.S.-focused stock funds attracted $7 billion in new cash, reversing the prior week's record cash outflows of $24 billion, according to data from the report, which also cited data from fund-tracker EPFR Global.
Emerging market stock funds posted $3.1 billion in outflows, extending the funds' record outflow streak to 16 weeks. Funds that hold European stocks did better with inflows of $4 billion, marking their 33rd straight week of inflows.
Bond funds worldwide attracted $4.7 billion in new cash, marking the second straight week of inflows after record cash inflows of about $15 billion in the previous week.
High-yield bond funds attracted $1.8 billion, marking their first inflows in three weeks. Safer investment-grade bond funds attracted $2.5 billion in new cash, marking their 8th straight week of inflows.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat