Stock funds worldwide attract $11.4 bln over week - BOFA
NEW YORK, June 13
NEW YORK, June 13 (Reuters) - Stock funds worldwide attracted $11.4 billion in the week ended June 11, marking the biggest inflows into the funds since February, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Emerging market equity funds attracted $2.3 billion in new cash, marking their biggest inflows in nine weeks, according to the report, which also cited data from fund-tracker EPFR Global. U.S.-focused stock funds attracted $5.1 billion, up from inflows of $1.2 billion over the prior week.
Bond funds attracted $1.6 billion in inflows, marking their smallest inflows in three months. Floating-rate debt funds posted $1.3 billion in outflows, marking their biggest withdrawals since August 2011. (Reporting by Sam Forgione; Editing by Chizu Nomiyama)
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