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UPDATE 2-U.S. Treasury, investment-grade and money funds attract $16.6 bln in risk-averse week

By Jennifer Ablan

(Adds table) By Jennifer Ablan Aug 15 (Reuters) - Investors rushed into their favorite safe-haven assets such as Treasuries, investment-grade corporate bonds and money market funds in the latest week, which was marked by rising tensions over the U.S.-China trade war and the global economic slowdown. U.S.-based money-market funds attracted roughly $10.6 billion in the week ended Wednesday, the second straight week of inflows, according to Refinitiv's Lipper. U.S.-based investment-grade corporate bond funds attracted more than $4 billion and U.S.-based government and Treasury funds attracted more than $2 billion, Lipper data showed. Stocks plunged on Wednesday in the Dow Jones Industrial Average's worst performance of 2019 - 800.49 points or 3.05% to 25,479.42 after the bond market flashed a worrying signal about the U.S. economy. "Money went into safe havens, which is what you would expect after yesterday, but this is the continuation of long-term trends," said Pat Keon, senior research analyst at Lipper. Taxable bond funds took in net new money totaling more than $5.8 billion for the 11th week in 12, Keon said. Equity mutual funds extended their losing streak to 26 straight net outflows at negative $4.6 billion, he said. "Equity ETFs, an asset group where we’ve seen some week-to-week variation between net inflows and net outflows did the opposite of what you would expect from the markets and had net inflows of $7.7 billion," Keon said. The SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1 "paved the way here" with net inflows of $5.9 billion and $2.9 billion, respectively, he said. All told, Keon said "What stands out to me is I don’t see any reaction to yesterday's market turmoil in the flows results. Specifically, I would have expected to see net outflows from equity ETFs and maybe a larger net inflow into money markets." The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds: Sector Flow Chg % Assets Assets Count ($Bil) ($Bil) All Equity Funds 3.101 0.04 6,958.321 11,726 Domestic Equities 4.459 0.09 5,004.499 8,327 Non-Domestic -1.357 -0.07 1,953.822 3,399 Equities All Taxable Bond 5.756 0.19 2,986.518 5,839 Funds All Money Market 10.587 0.33 3,229.220 1,014 Funds All Municipal 1.625 0.33 493.511 1,343 Bond Funds (Reporting by Jennifer Ablan; Editing by Grant McCool and Chris Reese)