March 7, 2019 / 9:46 PM / 4 months ago

U.S.-based equity funds post $6.97 bln of cash withdrawals in latest week

March 7 (Reuters) - Investors’ appetite for risk-taking took a breather in the latest week, as U.S.-based equity funds posted $6.97 billion of cash withdrawals in week ended Wednesday, according to data from Refinitiv’s Lipper research service.

Additionally, U.S.-based high-yield junk bond funds posted $1.9 billion of outflows during the same period, following five straight weeks of inflows, Lipper said. (Reporting by Jennifer Ablan; Editing by Lisa Shumaker)

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