NEW YORK May 2 Fund investors worldwide poured
$4.2 billion into stock funds in the week ended April 30,
marking the fifth straight week of inflows into the funds, data
from a Bank of America Merrill Lynch report showed on Friday.
Funds that specialize in U.S. stocks attracted $600 million
in new cash, marking their first inflows in three weeks.
Emerging markets stock funds attracted a small $38 million,
marking their fifth straight week of inflows, according to the
report, which also cited data from fund-tracker EPFR Global.
Low-risk money market funds posted $26 billion in outflows,
extending the funds' outflows so far this year to $128 billion,
according to the report.
Bond funds attracted $3.8 billion in inflows, marking their
eighth straight week of inflows. Riskier high-yield bond funds
attracted $500 million, marking their 12th straight week of
inflows, while emerging market debt funds attracted $600
million, marking their fifth straight week of new money.
Funds that hold floating-rate loans, which are protected
from rising interest rates by being pegged to floating rate
benchmarks, posted $600 million in outflows, marking their third
straight week of withdrawals.
(Reporting by Sam Forgione; Editing by James Dalgleish)