NEW YORK, Jan 22 (Reuters) - Investors in U.S.-based funds pulled $5.9 billion out of stock funds in the week ended Jan. 21, data from Thomson Reuters’ Lipper service showed on Thursday.
Exchange-traded funds, thought to represent the behavior of institutional investors, saw net outflows of $4.9 billion. Investors in mutual funds, thought to be largely retail investors, pulled out $995 million.
In contrast, taxable bond funds saw net inflows of $2.3 billion, their third straight week of net new cash.
Reporting by Luciana Lopez