U.S.-based stock funds attract $4.3 bln inflows - Lipper
NEW YORK, July 17
NEW YORK, July 17 (Reuters) - Investors in U.S.-based funds poured $4.3 billion into stock funds in the week ended July 16, marking their biggest inflows in four weeks, data from Thomson Reuters' Lipper service showed on Thursday.
Stock exchange-traded funds attracted all of new cash with inflows of $4.4 billion, while stock mutual funds posted $70.5 million in outflows. ETFs are thought to represent the behavior of institutional investors, while mutual funds are typically purchased by retail investors.
Japanese stock funds posted $411 million in outflows, marking their first outflows in four weeks.
Taxable bond funds attracted $2 billion in inflows, marking their biggest inflows in three weeks. Riskier high-yield bond funds posted $1.7 billion in outflows, marking their biggest outflows since August 2013, while floating-rate loan funds posted $440 million in outflows after attracting inflows the prior week.
Low-risk money market funds posted $9 billion in outflows, marking their first outflows in four weeks.
(Reporting by Sam Forgione; Editing by Bernard Orr)
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