Reuters logo
Money market funds suffer outflows of $32 bln; stock funds gain--EPFR
February 22, 2013 / 6:16 PM / 5 years ago

Money market funds suffer outflows of $32 bln; stock funds gain--EPFR

Feb 22 (Reuters) - Fund investors worldwide turned positive on higher-yielding assets in the latest week, yanking $32 billion in money market funds and pouring $8.58 billion in equity funds, data from EPFR Global showed on Friday.

Funds that hold U.S. stocks enjoyed net inflows of $2.24 billion, up from last week’s outflows of $3.62 billion in the week ended Feb. 20, the fund-tracking firm said.

Cameron Brandt, director of research at the firm, told Reuters that he estimates roughly $12 billion of outflows from money market funds found their way into higher-yielding assets including equities and high-yield “junk” bond funds.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below