(Reuters) – Investors took a break from their buying binge of risk assets in the week ended Wednesday, as U.S.-based high-yield junk bond funds posted $520 million in cash withdrawals, according to Refinitiv’s Lipper research service data on Thursday.
U.S.-based equity mutual funds posted $3.64 billion of cash withdrawals in the week ended Wednesday, extending their weekly outflows since mid-February, Lipper said.
It added that U.S.-based equity exchange-traded funds posted $3.68 billion of cash withdrawals in the week ended Wednesday, marking their first weekly outflow since late March.
U.S.-based domestic equity funds posted over $7.5 billion in net cash outflows in the week ended Wednesday, following two weeks of inflows totaling $9.3 billion, according to Lipper data.
“High-yield funds did suffer net outflows, but the