(Recasts with money market outflow milestone)
NEW YORK, July 16 (Reuters) – U.S. money market funds posted their largest outflows since 2008 in the week ended on Wednesday, according to Lipper.
U.S.-based money market funds shed $90.1 billion over that weekly period. That is the largest weekly outflow since September 2008 and the second-largest such outflow in Lipper’s data dating back to 1992.
U.S. equity funds also registered outflows of $7.96 billion over that same period, according to Lipper. Both asset classes resumed shedding funds after having snapped a streak of outflows last week.
Meanwhile, taxable bond funds attracted $5.34 billion, and municipal bond funds drew in $857.3 million. (Reporting by April Joyner Editing by Chris Reese and Jonathan Oatis)
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