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CORRECTED-U.S.-based stock funds attract $1.5 bln over week ended - Lipper
June 26, 2014 / 8:50 PM / in 3 years

CORRECTED-U.S.-based stock funds attract $1.5 bln over week ended - Lipper

(Corrects last paragraph to inflows from outflows for money market funds)

By Luciana Lopez

NEW YORK, June 26 (Reuters) - Investors in U.S.-based funds committed $1.5 billion to stock funds in the week ended June 25 after adding $5.3 billion to the funds the prior week, data from Thomson Reuters’ Lipper service showed on Thursday.

Stock mutual funds attracted $620 million in new cash, while stock exchange-traded funds added $915 million. Stock mutual funds are commonly purchased by retail investors, while stock ETFs are thought to represent the institutional investor.

Taxable bond funds attracted net inflows of $2.34 billion after marking their first net outflows in 15 weeks the previous week. Money market funds posted net inflows of $4.7 billion, their first week of net new money since early May. (Reporting by Luciana Lopez; Editing by James Dalgleish)

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