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The
shift came as U.S.-based stock mutual funds posted $4 billion in
outflows and U.S.-based taxable bond mutual funds $596 million
in withdrawals for the week ended March 30, Lipper said.
High-yield junk bond funds posted $545 million in outflows
during the week after six consecutive weeks of inflows totaling
over $13.4 billion, Lipper said.
"We've had seven straight weeks of positive performance in U.S.
indices," said Lipper research analyst Pat Keon, noting that
some investors may just be socking away profits as others trim
their risk. "We're going to continue to see risk-on. This is
just a little bit of an aberration."
The week ended streaks of inflows for several fund categories.
U.S.-based emerging-market stock funds, for instance, posted $73
million in outflows just one week after hauling in $3 billion,
their third-greatest week of deposits since Lipper record
keeping began a quarter century ago.
Precious metals commodities funds posted $346 million in
outflows after eleven straight weeks of positive flows that have
brought the funds $8.9 billion in all.
"It was different this week from a long-term trend," said Keon.
"The long-term trend has been money leaving domestic and going
into non-domestic (stock funds), and this week we saw money
leaving both."
Overall, stock funds in the United States posted $2.6 billion in
outflows a week after taking in $2 billion. Domestic-focused
funds posted $2.2 billion in outflows, while
international-focused funds posted $411 million in outflows.
U.S.-based taxable bond funds, posted $1.5 billion in outflows
after nine straight weeks of inflows, Lipper said.
Treasury bond funds posted $1.4 billion in outflows during the
week, the fifth straight week of outflows, according to the fund
research service.
(Reporting by Trevor Hunnicutt; Editing by Jennifer Alban,
Leslie Adler and Diane Craft)
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