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Stock funds attract $6.2 bln in latest week - BofA
September 5, 2014 / 3:40 PM / 3 years ago

Stock funds attract $6.2 bln in latest week - BofA

NEW YORK, Sept 5 (Reuters) - Investors worldwide poured $6.2 billion into stock funds in the week ended Sept. 3, marking their fourth straight week of inflows, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

U.S.-focused stock funds attracted $5.8 billion of the net inflows, according to the report, which also cited data from fund-tracker EPFR Global. Emerging market equity funds attracted $700 million, marking their 13th straight week of inflows, their longest streak of net inflows since February 2013.

Bond funds attracted $2.1 billion in new cash, marking a fourth straight week of inflows, but their smallest over that period. Riskier high-yield bond funds posted $32 million in outflows, while funds that mainly hold U.S. Treasuries posted $1.4 billion in outflows. (Reporting by Sam Forgione)

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