NEW YORK, March 28 Fund investors worldwide
pulled $8.1 billion out of stock funds in the week ended March
26, marking the first net outflows from the funds in seven
weeks, data from a Bank of America Merrill Lynch Global Research
report showed on Friday.
Funds that mainly hold U.S. stocks posted $9.1 billion in
withdrawals, according to the report, which also cited data from
fund-tracker EPFR Global. The outflows were all via
exchange-traded funds and also marked the funds' first outflows
in seven weeks.
Funds that specialize in emerging market stocks, meanwhile,
posted just $43 million in outflows, marking their smallest
outflows in 22 weeks.
Bond funds attracted $4.4 billion in new cash, marking their
biggest inflows in six weeks. Riskier high-yield bond funds
attracted $1.5 billion in inflows, marking their seventh
straight week of new demand.
Investors also sought some safety and poured $1.1 billion
into funds that mainly hold safe-haven U.S. Treasuries. That
marked the second straight week of inflows into the funds.
(Reporting by Sam Forgione; Editing by James Dalgleish)