February 28, 2019 / 9:28 PM / 5 months ago

Risk-on week as investors put money to work in equity ETFs, junk bonds -Lipper

Feb 28 (Reuters) - Investors poured money into equity exchange-traded funds and high-yield “junk” bond funds in the week ended Wednesday, as President Donald Trump said he would extend a deadline to escalate tariffs on Chinese imports, citing “substantial progress” in talks between the two countries.

U.S.-based high-yield bond funds attracted $698 million in the week ended Wednesday, marking the sector’s fifth straight week of inflows, Lipper said. U.S.-based equity ETFs attracted about $7.5 billion in the week ended Wednesday, Lipper noted. (Reporting by Jennifer Ablan; editing by Jonathan Oatis)

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