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Stock funds worldwide reap $5.5 bln, second week of inflows - BofA
July 11, 2014 / 3:00 PM / 3 years ago

Stock funds worldwide reap $5.5 bln, second week of inflows - BofA

NEW YORK, July 11 (Reuters) - Fund investors worldwide poured $5.5 billion into stock funds in the week ended July 9, marking their second straight week of inflows, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

The inflows exceeded the prior week’s $1.4 billion in inflows. Funds that specialize in U.S. stocks attracted $600 million after posting outflows the prior week, according to data from the report, which also cited data from fund-tracker EPFR Global. Emerging markets stock funds attracted $1.4 billion to notch their fifth straight week of inflows.

Bond funds attracted net inflows of $3.6 billion, marking their third straight week of inflows. Investment-grade bond funds attracted $3.2 billion, while riskier high-yield bond funds saw no inflows after attracting $1.1 billion the prior week.

Reporting by Sam Forgione; Editing by Chizu Nomiyama

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