Reuters: US Dollar Report: US equity, money market funds extend outflows-Lipper

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US equity, money market funds extend outflows-Lipper Apr 5th 2012, 22:05 Tweet Share this Email Print Thu Apr 5, 2012 6:05pm EDT NEW YORK, April 5 (Reuters) - U.S. equity funds on Thursday posted outflows for a second consecutive week as redemptions from institutional investors accelerated on resurgent concerns about the euro zone debt market, data from Thomson Reuters' Lipper showed. U.S.-domiciled equity funds had $1.34 billion in outflows during the week ended Wednesday, April 4, about half the $2.65 billion lost in the previous period. This week, however, institutional investors appeared to be driving outflows, with redemptions from exchange-traded funds jumping to $2.53 billion from a mere $184 million a week ago. ETFs are considered as the main instruments used by institutional investors. Excluding ETFs, U.S. equity funds saw inflows of $1.18 billion for the week. Investors also pulled $9.6 billion out of money market funds in the same period, extending outflows in that sector for a sixth consecutive week. As concerns about the euro zone caused the benchmark S&P 500 Index to post its worst week so far this year, investors returned to the perceived safety of the bond market. Taxable bond funds received inflows of $4.38 billion during the week while municipal bond funds took in $63 million. The weekly Lipper fund flow data is compiled from reports issued by U.S.-domiciled mutual funds and exchange-traded funds. The following is a broad breakdown of the flows for the week, including exchange-traded funds (in $ billions): Sector Flow Chg % Assets Count ($ Bln) Assets ($ Bln) All Equity Funds -1.343 -0.05 2,855.858 10,295 Domestic Equities -0.603 -0.03 2,173.226 7,729 Non-Domestic Equities -0.740 -0.11 682.632 2,566 All Taxable Bond Funds 4.384 0.32 1,389.860 4,532 All Money Market Funds -9.593 -0.42 2,298.342 1,429 All Municipal Bond Funds 0.063 0.02 289.560 1,376 Tweet this Link this Share this Digg this Email Reprints Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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