U.S. equity mutual funds received net inflows of $8.2 billion during the week ended November 9, Reuters reports. The net inflow into the equity schemes was due to money flowing into exchange-traded funds (ETFs), as per figures from Thomson Reuters' Lipper.
If inflows into ETFs are excluded, then equity funds showed net outflows of $519 million. Taxable bond funds received $4.7 billion in investments during the week under review. The weekly Lipper fund flow data is generated from information supplied by U.S.-domiciled mutual funds and ETFs.
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