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 Stock mutual funds in the United States, by contrast, posted $328
million in outflows in the week that ended April 6, according to the
data.
"ETF investors have fueled the bull market since the end of
February," said Jeff Tjornehoj, Lipper's head of Americas research.
Inflows into stock funds were focused on those invested in
U.S.-based companies, which took in $2.3 billion following two weeks
of outflows. International stock funds attracted just $888 million,
Lipper said.
"They did like technology and utilities, which is an odd combination
because utilities are a defensive play and technology is an
aggressive one," said Tjornehoj.
U.S. technology funds took in $767 million during the week while
utilities sector funds added $485 million in cash. Utilities have
netted $2.3 billion in cash this year on a strong performance
streak, according to Lipper.
Taxable bond funds in the United States attracted $818 million
during the week to April 6, data from the fund research service
showed.
Some of the most popular funds offered yield or protection from
inflation.
Investors added $156 million during the week to precious-metals
commodities funds. The gold-focused funds, which some see as a hedge
when currencies lose value, have taken in $8.6 billion this year,
Lipper said.
Inflation-protected bond funds took in $526 million, their sixth
straight week of new inflows. Treasury funds, whose return does not
adjust to compensate for a declining U.S. dollar, posted $1.5
billion in outflows.
Emerging-market debt funds, riskier but attractive for their higher
returns, added $442 million, their second-best week of the year,
according to Lipper. Similarly, high-yield bond funds took in $1.2
billion during the week. Investment-grade corporate debt funds took
in $1 billion, their fifth straight week of inflows.
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Money-market funds posted $21.3 billion in outflows during the week.
The following is a broad breakdown of the flows for the week,
including ETFs (in $ billions):
Sector Flow Chg % Assets Assets Count
($Bil) ($Bil)
All Equity Funds 3.154 0.06 5,040.858 11,907
Domestic Equities 2.266 0.06 3,582.461 8,484
Non-Domestic Equities 0.888 0.06 1,458.397 3,423
All Taxable Bond Funds 0.818 0.04 2,191.972 6,013
All Money Market Funds -21.336 -0.93 2,268.550 1,134
All Municipal Bond Funds 0.506 0.14 363.469 1,403
(Reporting by Trevor Hunnicutt; Editing by James Dalgleish and Tom
Brown)
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