Personal Finance

Investors pull $1.1 billion from stock funds, add $6.8 billion in money funds: Lipper

NEW YORK (Reuters) – Risk aversion was on display this week given geopolitical concerns and uncertainty over North Korea as investors in U.S.-based funds pulled $ 1.1 billion out of stock funds in the week ended Sept. 6, and moved money into “safe haven” money-market and gold funds, data from Thomson Reuters’ Lipper service showed on Thursday.

U.S.-based money-market funds attracted $ 6.8 billion of inflows over the weekly period, while taxable bond funds attracted $ 1.6 billion in inflows to mark their ninth straight week of inflows, with funds that specialize in safe-haven U.S. Treasuries drawing $ 458 million of that sum to mark their fourt…
Reuters: Money