Taxable bond funds draw $15.3 billion in latest week - Lipper

[October 09, 2020]  NEW YORK (Reuters) - U.S.-based taxable bond funds attracted $15.3 billion in the week to Wednesday, according to Lipper, the biggest weekly net inflow in such bond funds in data back to 1992.

U.S.-based stock funds posted a $6.9 billion weekly outflow, according to the Lipper data released on Thursday, as a move out of equity funds resumed after a $1.1 billion inflow a week ago. Stock funds have seen outflows in seven of the past eight weeks.

The latest flow changes come as investors digested the implications of President Donald Trump's positive COVID-19 test as his race against former Vice President Joe Biden enters the final weeks, and prospects in Congress for a fiscal stimulus package.

Money market funds shed $20.4 billion, their 11th straight weekly outflow, according to the Lipper data.

(Reporting by Lewis Krauskopf; Editing by Chris Reese and David Gregorio)

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