Investors in U.S.-based funds poured $3.4 billion into taxable bond funds in the week ended June 24 after worries over Greece's finances spurred a flight into safer bonds, data from Thomson Reuters' Lipper service showed on Thursday. The inflows marked the first new demand for the funds in three weeks.
Funds that mainly hold safe-haven U.S. Treasurys attracted $437 million to mark their first inflows in five weeks, while riskier high-yield bond funds attracted $621 million to mark their first inflows in three weeks. Funds that hold investment-grade bonds posted $366 million in outflows to mark their third straight week of outflows. The funds had not posted three straight weeks of outflows since August 2011.
Stock funds posted $1 billion in outflows to mark their first investor withdrawals in five weeks. Funds that specialize in European stocks attracted $160 million to mark their sixth straight week of inflows.