NEW YORK, March 24 (Reuters) - Equity funds focused on U.S. stocks suffered an increase in net cash outflows for the week ended March 23, $3.9 billion versus $2.4 billion in the prior period, data from Thomson Reuters Lipper service showed on Thursday.
Overall, U.S. domiciled equity funds had net outflows of $2.4 billion, a sharp increase over the $268 million in net redemptions the prior week.
Taxable bond funds took in $965 million, a steep drop off from the prior week's $2.7 billion of new cash. In the tax-free municipal bond sector the negative flows continued for a 19th consecutive week with $640 million in net redemptions.
After a record week of inflows for Japan-focused funds, investors kept pumping cash into that sector of the market and placed an additional $785 million in, bringing the streak of fresh money to 15 out of the last 16 weeks.
The weekly Lipper fund flow data is compiled from reports issued by U.S.-domiciled mutual funds and exchange-traded funds. The weekly data goes back to 1992.
The following is a broad breakdown of the flows for the week, including exchange-traded funds: Sector Flow Pct Total Share
Change Change Assets Class (in $ billions) In Assets Count ============================================================== All Equity Funds -2.428 -0.09 2,721.773 10,006 -Domestic Equities -3.863 -0.20 2,018.548 7,608 -Non-Domestic Equities 1.435 0.21 703.225 2,398 All Taxable Bond Funds 0.966 0.08 1,273.651 4,002 All Money Market Funds -8.689 -0.35 2,496.695 1,535 All Municipal Bond Funds -0.640 -0.20 312.873 1,568 (Reporting by Daniel Bases; Editing by Andrew Hay)
Outflows rise for U.S. domestic equity funds-Lipper
