FILE PHOTO - A computer screen showing stock graphs is reflected on glasses in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau
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.
Tom Roseen, head of research services at Lipper, said a “tale of two cities” still exists within equities. All told, Roseen said investors put money to work, partly evident in the cash withdrawals from money-market funds. Investors yanked cash from money funds to pay for taxes but they also felt compelled to put money to work in rising markets, he said. U.S.-based money market funds posted $54.5 billion in outflows in the week ended Wednesday, their largest cash withdrawal since August 2011.
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Source: CNBC - 🏆 12. / 72 Read more »