UPDATE 1-Inflows to U.S.-based stock mutual funds outpace ETFs - Lipper
October 23, 2014 at 17:43 PM EDT
(Adds details, analyst comment, table, byline) By Luciana Lopez NEW YORK, Oct 23 (Reuters) - Investors in U.S.-based stock funds added net new cash to mutual funds in the week ended Oct. 22, a sharp contrast to the net withdrawals from exchange-traded funds over the same period, data from Thomson Reuters' Lipper service showed on Thursday. Mutual fund investors added $1.06 billion in new cash to stock funds through the week, while ETF investors took out $9.23 billion. The data un