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Rotation from U.S.-based bond funds to stocks accelerates -Lipper
December 15, 2016 / 9:46 PM / a year ago

Rotation from U.S.-based bond funds to stocks accelerates -Lipper

NEW YORK, Dec 15 (Reuters) - Investors poured $6.8 billion into U.S.-based stock funds in the week through Dec. 14, Lipper data showed on Thursday, accelerating a rotation from bonds to stocks as U.S. policymakers raised interest rates for the first time in a year.

Taxable bond funds posted $5.8 billion in outflows during the same weekly period, their largest withdrawals since the U.S. presidential election, the data showed.

Reporting by Trevor Hunnicutt; Editing by Chris Reese

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