(Adds details on fund flows)
NEW YORK, Oct 8 (Reuters) - U.S.-based taxable bond funds attracted $15.3 billion in the week to Wednesday, according to Lipper, the biggest weekly net inflow in such bond funds in data back to 1992.
U.S.-based stock funds posted a $6.9 billion weekly outflow, according to the Lipper data released on Thursday, as a move out of equity funds resumed after a $1.1 billion inflow a week ago. Stock funds have seen outflows in seven of the past eight weeks.
The latest flow changes come as investors digested the implications of President Donald Trump’s positive COVID-19 test as his race against former Vice President Joe Biden enters the final weeks, and prospects in Congress for a fiscal stimulus package.
Money market funds shed $20.4 billion, their 11th straight weekly outflow, according to the Lipper data. (Reporting by Lewis Krauskopf Editing by Chris Reese and David Gregorio)
Our Standards: The Thomson Reuters Trust Principles.