September 26, 2019 / 7:52 PM / 16 days ago

U.S. stock funds post second straight weekly outflow

Oct 3 (Reuters) - U.S. equity funds saw $7.9 billion in outflows in the last week, the second consecutive weekly drawdown, as bond and money market funds drew money, according to data released by Lipper on Thursday.

U.S.-based taxable bond funds attracted $641 million, the eighth straight week of inflows, while $7.4 billion moved into money market funds in the week through Wednesday, the Lipper data showed. (Reporting by Alden Bentley Editing by Chris Reese)

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