U.S. stock funds post biggest weekly outflow since September: Lipper
- Wall Street ends week positively; S&P 500, Dow hit record highs
- Bitcoin (BTC) Drops 3% as Turkey Bans Cryptocurrency Payments Citing Lack of Regulatory Supervision
- Morgan Stanley (MS) Archegos-Related Loss Appears to be $911M
- Dollar at 4-week low on retreating Treasury yields
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Reuters) - U.S. -based stock funds in the week ended Wednesday shed $12.4 billion, the biggest outflow since September, according to Lipper.
U.S. taxable bond funds attracted $12 billion, which was biggest weekly inflow since October, while money market funds shed $12.7 billion, marking the largest outflow in seven weeks, Lipper data showed on Thursday.
U.S. municipal bond funds attracted $1.6 billion, the 13th straight weekly inflow.
(Reporting by Alden Bentley; Editing by Leslie Adler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Argentines rebel against new pandemic restrictions even as ICUs fill
- U.S. senators urge Biden to condition Brazil Amazon aid on results
- Credit Suisse sued over risk exposure to Greensill Capital, Archegos