(Reuters) – Investors’ appetite for risk was on display yet again this week with huge cash inflows into U.S.-based stock exchange-traded funds, corporate bond funds and high-yield “junk” bond portfolios, according to Refinitiv’s Lipper research service data on Thursday.
U.S.-based investment-grade corporate bond funds attracted more than $2.3 billion in the week ended Wednesday, extending their weekly inflow streak since late January, Lipper said. U.S.-based high-yield junk bond funds attracted more than $1.1 billion in the week ended Wednesday, their sixth consecutive week of inflows, Lipper said.
Stock - Funds - ETFs - Inflows - Lipper
Stock exchange-traded funds (ETFs) attracted about $7.35 billion of inflows, Lipper said. Investors in exchange-traded funds are thought to represent institutional investors, including hedge funds. Mutual funds are thought to represent retail investors. U.S. stock mutual funds posted cash withdrawals of more than $1.84 billion, Lipper added.
Tom Roseen, head of research services at Lipper, said a “tale of two cities” still exists within equities.
Mom - Pop - Sellers - Equity - Funds
“Mom and Pop are still net sellers of equity funds, withdrawing $1.8 billion for...
Wake Up To Breaking News!
A single death is a tragedy, a million deaths is a Government intervention.