NEW YORK: Investors in U.S.-based funds pumped the most money into stock exchange-traded funds since mid-September while also putting money into higher-quality corporate bonds in one of the last reporting weeks of the year, data from Thomson Reuters' Lipper service showed on Thursday.
Stock ETFs pulled in $8.68 billion in investor cash in the week ended December 12, the most since mid-September. The inflows offset outflows of $3.71 billion from stock mutual funds, leading to net inflows of $4.97 billion into stock funds.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
