NEW YORK Feb 7 Fund investors worldwide pulled
$28.3 billion out of stock funds in the week ended Feb. 5,
marking the biggest outflows from the funds since August 2011,
data from a Bank of America Merrill Lynch Global Research report
showed on Friday.
Investors pulled $24 billion from funds that specialize in
U.S. stocks, with most of the outflows coming from
exchange-traded funds according to the report, which also cited
data from fund-tracker EPFR Global.
Bond funds worldwide attracted about $15 billion in net new
cash, with $13.2 billion of that sum going toward funds that
mainly hold U.S. Treasuries.
Investment-grade bond funds attracted $4.2 billion in new
cash, marking the biggest inflows into the funds since May of
last year, but riskier high-yield bond funds posted outflows of
$1.2 billion, their biggest outflows since last August.