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Stock Funds Worldwide Attract $4.2 Billion Over Week: BofA

[May 03, 2014]  NEW YORK (Reuters) - Fund investors worldwide poured $4.2 billion into stock funds in the week ended April 30, marking the fifth straight week of inflows into the funds, data from a Bank of America Merrill Lynch report showed on Friday.

Funds that specialize in U.S. stocks attracted $600 million in new cash, marking their first inflows in three weeks. Emerging markets stock funds attracted a small $38 million, marking their fifth straight week of inflows, according to the report, which also cited data from fund-tracker EPFR Global.

Low-risk money market funds posted $26 billion in outflows, extending the funds' outflows so far this year to $128 billion, according to the report.

Bond funds attracted $3.8 billion in inflows, marking their eighth straight week of inflows. Riskier high-yield bond funds attracted $500 million, marking their 12th straight week of inflows, while emerging market debt funds attracted $600 million, marking their fifth straight week of new money.

Funds that hold floating-rate loans, which are protected from rising interest rates by being pegged to floating rate benchmarks, posted $600 million in outflows, marking their third straight week of withdrawals.

(Reporting by Sam Forgione; Editing by James Dalgleish)

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