NEW YORK, Feb 5 (Reuters) - Investors in U.S.-based funds added a record $13.7 billion in net new cash to taxable bond funds in the week ended Feb, 4, data from Thomson Reuters’ Lipper service showed on Thursday.
In contrast, U.S.-based stock funds saw net outflows of $7.1 billion.
Exchange-traded funds, thought to represent the behavior of institutional investors, saw $5.66 billion in net outflows. Mutual funds, thought to represent retail investors, posted $1.478 billion in withdrawals.
Reporting by Luciana Lopez; Editing by Alan Crosby