US fund investors pivoted from domestic stocks to bonds and international equities during the latest week, Lipper data showed on Thursday, amid upheaval for the Trump administration and fears that Washington will not enact market-boosting policies. Investors pulled $6 billion from domestic-focused stock funds in the week ended Wednesday, a third straight week of outflows.
"It was basically a flat, non-eventful week, until yesterday when all hell broke loose," said Pat Keon, senior research analyst for Thomson Reuters' Lipper unit. US-based funds that buy equities abroad and taxable bond funds both avoided the selloff, reeling in cash for the ninth straight week. Non-domestic stock funds pulled in $4.8 billion, while taxable bond funds gathered $4.4 billion, Lipper said. Stock funds focused on emerging markets absorbed $1.5 billion, while their bond counterparts took in $559 million.
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