- Indonesia detains 18 in pre-emptive bid to boost Christmas security
- Saudi Arabia says cinemas will be allowed from early 2018
- U.S. citizen on the run after busting out of Bali prison
- Indian police arrests French journalist after filming in Kashmir
- Indian police file sexual assault case against airline passenger for a
- Roche: Tecentriq cocktail slows kidney cancer progression
- Merck raises stakes in lung cancer as rivals close in
- Venezuela's Maduro: Some opposition parties to be barred from presidential vote
- Alabama race epitomizes the turbulence of the Trump era
- Bahraini civil society group under pressure after Israel visit
- Buoyed by mayoral votes, Venezuela's socialists eye 2018 presidency ra
- 'Walking Dead' sets stage for key death
- China starts formal legal proceedings against disgraced senior politic
- Venezuela socialists winning local vote, Maduro joyous
- Bitcoin jumps after futures trading begins
- Six New Street Fighter 5 Characters Revealed For Season 3 Of Content
- China, Taiwan spar over Chinese diplomat's invasion threat
- Israeli army destroys tunnel from Gaza
- With foes abstaining, Venezuela mayoral contests to boost socialists
- Futures trading arrives for bitcoin
U.S. bond funds attract $6.16 billion in week ended Nov. 21: ICI
NEW YORK (Reuters) - U.S. fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable appetite for yield.
Taxable-bond mutual funds and exchange-traded funds (ETFs) took in $6.16 billion during the week ended Nov. 21, following inflows of just $839 million during the previous week ended Nov. 15, the lowest in nearly a year, according to the trade group.
“Given the strong run in global stock markets this year, investors are heading into year-end more cautious and favoring the stability of investment-grade bond investments,” said Todd Rosenbluth, director of ETF & Mutual Fund Research at CFRA.
Equity funds also enjoyed a solid week of inflows.
Investors poured an estimated $5.03 billion into stock funds for the week, compared to estimated outflows of $54 million in the previous week. Domestic equity funds had estimated inflows of $1.17 billion, and world equity funds had estimated inflows of $3.86 billion.
Commodity funds - which are ETFs that invest primarily in commodities, currencies, and futures - had estimated outflows of $39 million for the week, compared with estimated inflows of $136 million in the previous week.
Reporting By Jennifer Ablan; editing by Jonathan Oatis
Our Standards:The Thomson Reuters Trust Principles.