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U.S. stock funds post consecutive weekly inflows for first time in 7 months--EPFR

Tomi Kilgore

U.S. equity funds tracked by EPFR Global took in new money during the week ending April 17, to post the first consecutive weekly inflows since early September. EPFR, a subsidiary of London-based Informa PLC , said the two-week streak coincided with the first consecutive weekly inflows into China equity funds on two months, which may be an indication that investors are banking on hope the two countries will reach a trade agreement. During those two weeks, the S&P 500 has gained 0.9% and the iShares China Large-Cap ETF has advanced 1.3%. Overall, however, EPFR said the global rotation out of equities into bonds continued, as equity funds had outflows of $1.1 billion in the latest week, led by redemptions in developed-markets equity funds, while bond funds took in $7.9 billion.