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The inflows marked the first net cash
commitments to the funds since early November, according to the
data from ICI, a U.S. mutual fund trade organization. All of the
inflows went toward funds that specialize in international
shares, which attracted $1.8 billion, the most since the week
ended Oct. 1.
Funds that mainly hold U.S. stocks posted $21 million in
outflows. Those withdrawals, while meager and down from the
biggest outflows in six months over the prior week, still marked
the ninth straight week of withdrawals from the funds.
"Some people are positioning for European Central Bank
quantitative easing," said Wayne Lin, portfolio manager at QS
Investors in New York, on the inflows into international-focused
stock funds. He said the potential ECB bond-buying program,
which the central bank is expected to announce Thursday, could
boost European shares.
Inflows of $3.6 billion into bond funds reversed the prior
week's outflows and marked the biggest inflows since early
November.
"It's natural rebalancing activity," Lin said on the inflows
into bond funds, in reference to investors taking profits from
gains in stock funds and reallocating into bond funds.
Hybrid funds, which can invest in stocks and fixed income
securities, attracted $248 million. That marked their first
inflows in eight weeks.
(Reporting by Sam Forgione; Editing by Lisa Shumaker)
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