FILE PHOTO: Traders work on the ground on the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – U.S. fairness funds noticed $7.9 billion in outflows within the final week, the second consecutive weekly drawdown, as bond and cash market funds drew cash, based on knowledge launched by Lipper on Thursday.
U.S.-based taxable bond funds attracted $641 million, the eighth straight week of inflows, whereas $7.four billion moved into cash market funds within the week by means of Wednesday, the Lipper knowledge confirmed.
Reporting by Alden Bentley; Editing by Chris Reese