US stock funds attract $3.7 billion in latest week - Lipper

Omkar Godbole FXStreet Contributor

Investors poured $3.7 billion in equity mutual funds and exchange-traded funds (ETFs) during the week ended May 23, the research service Lipper said.

Meanwhile, the taxable-bonds raked in $3.1 billion. Reuters report says, " Nine in 10 dollars that went into stocks moved into funds primarily invested within the United States."

The increased flows into equities indicate the investors expect the stock market to remain resilient despite rising rates, trade conflict, and other geopolitical tensions.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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