U.S. stock funds shed $1.05 billion in week: Lipper

The spread of the coronavirus disease (COVID-19) in New York
A trader adjusts his mask as he works on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

July 30, 2020

(Reuters) – U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper.

Taxable bond funds attracted $9.37 billion, the sixteenth straight weekly inflow, while U.S. money market funds shed $17.44 billion in the latest week, Lipper data showed on Thursday.

(Reporting by Alden Bentley; Editing by Chris Reese)