August 23, 2018 / 10:33 PM / 3 months ago

Investors pour $3.4 bln into U.S. taxable bond funds in week -Lipper

NEW YORK, Aug 23 (Reuters) - Investors pumped $3.4 billion into U.S.-based taxable bond funds during the latest week, adding to what has already been a strong year of sales for the funds, according to Lipper data on Thursday.

The bond funds have taken in $107 billion so far this year, according to the research service, and are on pace to mark a third straight year of positive sales despite concern about rising interest rates. (Reporting by Trevor Hunnicutt Editing by James Dalgleish)

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