NEW YORK (Reuters) – Investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.
Low-risk money-market funds recorded $26 billion in withdrawals during the week ended Jan. 31, while stock funds took in $16 billion in new money, according to Lipper.
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Source: Investing.com