Bond funds worldwide attract $6.3 bln, 12th week of inflows - BofA
NEW YORK May 30 (Reuters) - Fund investors worldwide poured $6.3 billion into bond funds in the week ended May 28, marking the 12th straight week of inflows into the funds, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Investment-grade bond funds attracted $9.2 billion in new cash, although $7 billion of the inflows went into a single fund, according to the report, which also cited data from fund-tracker EPFR Global.
Funds that mainly hold U.S. Treasuries posted $5.1 billion in outflows after attracting $2.6 billion in new cash over the prior week. Floating-rate debt funds posted $400 million in outflows, marking their seventh straight week of withdrawals.
Stock funds attracted a net $1 billion in inflows after posting $7 billion in outflows the prior week. Stock mutual funds posted $2.1 billion in outflows, while stock exchange-traded funds attracted $3.1 billion in inflows.
European stock funds posted $200 million in outflows, marking their first outflows after a record 47 straight weeks of inflows. (Reporting by Sam Forgione; Editing by Chizu Nomiyama)
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