U.S. stock funds post biggest weekly inflow in 13 years: Lipper

Send a link to a friend  Share

[February 13, 2021]    (Reuters) - U.S.-based stock funds attracted $22.9 billion in the week to Wednesday, the largest weekly inflow since March 2008, as Wall Street's main indexes hit record highs on optimism about President Joe Biden's plans for fiscal stimulus and COVID-19 vaccine distribution.

A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

U.S. taxable bond funds pulled in $4.8 billion, the eighth straight weekly inflow, while money market funds drew $7.8 billion, the Lipper data showed on Thursday.

(Reporting by Alden Bentley; Editing by Leslie Adler)

[ 2021 Thomson Reuters. All rights reserved.]

Copyright 2021 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.



Back to top