Tags: Stock | Funds | Worldwide | BofA

Stock Funds Worldwide Attract $6.6 Billion Over Week: BofA

Friday, 24 Jan 2014 10:23 AM

Fund investors worldwide poured $6.6 billion into stock funds in the week ended January 22, bringing inflows into the funds this year to $16 billion, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

European stock funds attracted $4.3 billion, marking 30 straight weeks of inflows, according to the report, which also cited data from fund-tracker EPFR Global. Emerging market stock funds, meanwhile, posted outflows of $2.4 billion, marking their biggest outflows in five weeks.

Bond funds worldwide attracted $2 billion, bringing inflows this year to $8 billion. Riskier high-yield bond funds attracted $1 billion of the new money, marking their fifth straight week of inflows.

Money market funds attracted $30 billion in new cash, marking their largest inflows in 7 weeks. Precious metals funds attracted small inflows of $33 million, marking their first inflows in 19 weeks.

© 2015 Thomson/Reuters. All rights reserved.

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