January 29, 2015 / 10:40 PM / 5 years ago

UPDATE 1-U.S.-based stock funds attract $2.8 bln over week -Lipper

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    By Luciana Lopez
    NEW YORK, Jan 29 (Reuters) - Investors in U.S.-based funds
added a net $2.8 billion into stock funds in the week ended Jan.
28, data from Thomson Reuters' Lipper service showed on
    Exchange-traded funds, thought to represent the behavior of
institutional investors, attracted $917 million in new cash.
Mutual funds, thought to represent retail investors, added a net
$1.84 billion. 
    U.S.-based taxable bond funds added $8.9 billion in net new
cash, their fourth straight week of inflows.
    Corporate high-yield bond funds also saw significant
inflows, attracting $2.8 billion in net new cash. Those were the
largest such inflows since September 2013. 
    Despite some dips in stocks over the week, investors still
added net new cash to some riskier assets, noted Tom Roseen,
head of Lipper research services.
    He pointed to a statement from the U.S. Federal Reserve on
Wednesday, noting that the central bank was still weighing a
rate hike later in the year.
    While that could affect corporate profits, he said, it also
underscored hopes that the world's biggest economy could be on
firmer footing.
    "Some investors must feel it's a good message," Roseen said.
    Money market funds saw net outflows of $272 million for the
    The weekly Lipper fund flow data is compiled from reports
issued by U.S.-domiciled mutual funds and exchange-traded funds.
    The following is a broad breakdown of the flows for the
week, including exchange-traded funds (in $ billions):        
 Sector                    Flow Chg  % Assets  Assets     Count
                           ($Bil)              ($Bil)     
 All Equity Funds          2.758     0.05      5,019.764  11,453
 Domestic Equities         -0.375    -0.01     3,637.546  8,247
 Non-Domestic Equities     3.132     0.23      1,382.218  3,206
 All Taxable Bond Funds    8.858     0.39      2,283.415  5,975
 All Money Market Funds    -0.272    -0.01     2,382.342  1,274
 All Municipal Bond Funds  0.893     0.26      346.963    1,468
 (Reporting by Luciana Lopez; Editing by Meredith Mazzilli and
Jonathan Oatis)
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