U.S. stock funds shed $7.7 billion, ending four-week inflow streak -Lipper

By Sheila Dang Posted on December 10, 2020

FILE PHOTO: The boot on the statue of former U.S. President George Washington is seen across the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City

NEW YORK (Reuters) – U.S.-based equity funds posted a $7.7 billion net outflow in the latest week, ending a four-week streak of inflows, according to Lipper.

Taxable bond funds attracted $5.4 billion in the week to Wednesday, their fifth straight weekly inflow, Lipper data released on Thursday showed. Money market funds drew $22.3 billion, the largest weekly inflow since May.

(Reporting by Lewis Krauskopf; Editing by Leslie Adler)