Stock funds worldwide attract $4.2 bln over week - BofA
NEW YORK May 2 (Reuters) - Fund investors worldwide poured $4.2 billion into stock funds in the week ended April 30, marking the fifth straight week of inflows into the funds, data from a Bank of America Merrill Lynch report showed on Friday.
Funds that specialize in U.S. stocks attracted $600 million in new cash, marking their first inflows in three weeks. Emerging markets stock funds attracted a small $38 million, marking their fifth straight week of inflows, according to the report, which also cited data from fund-tracker EPFR Global.
Low-risk money market funds posted $26 billion in outflows, extending the funds' outflows so far this year to $128 billion, according to the report.
Bond funds attracted $3.8 billion in inflows, marking their eighth straight week of inflows. Riskier high-yield bond funds attracted $500 million, marking their 12th straight week of inflows, while emerging market debt funds attracted $600 million, marking their fifth straight week of new money.
Funds that hold floating-rate loans, which are protected from rising interest rates by being pegged to floating rate benchmarks, posted $600 million in outflows, marking their third straight week of withdrawals. (Reporting by Sam Forgione; Editing by James Dalgleish)
- Israel pummels Gaza; Kerry steps up diplomatic push |
- Ukraine war crimes trials a step closer after Red Cross assessment
- With sales sputtering, Apple's iPad looks to IBM alliance
- South Korea ferry fugitive hid behind cabin wall, bags of cash at hand
- Five held in China food scandal probe, including head of Shanghai Husi Food