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U.S. stock funds attract $8.19 billion during last week of August: ICI
September 6, 2017 / 9:03 PM / 15 days ago

U.S. stock funds attract $8.19 billion during last week of August: ICI

NEW YORK (Reuters) - Investors’ renewed appetite for risk came back with a vengeance during the last week of August, as equity funds had estimated inflows of $8.19 billion, compared to estimated outflows of $1.81 billion in the previous week, Investment Company Institute (ICI) data showed on Wednesday.

For the week ended Aug. 30, domestic equity funds had estimated inflows of $3.68 billion, and world equity funds had estimated inflows of $4.51 billion, according to the trade group.

Investors also put money to work in fixed-income markets. Bond funds had estimated inflows of $5.36 billion for the week, compared to estimated inflows of $5.31 billion during the previous week. Taxable bond funds saw estimated inflows of $4.61 billion, and municipal bond funds had estimated inflows of $750 million.

Commodity funds - which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures - had estimated inflows of $982 million for the week, compared to estimated inflows of $604 million in the previous week.

Reporting By Jennifer Ablan; editing by Grant McCool

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