FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2019. REUTERS/Brendan McDermid
(Reuters) – Investors poured money into equity exchange-traded funds and high-yield “junk” bond funds in the week ended Wednesday, as President Donald Trump said he would extend a deadline to escalate tariffs on Chinese imports, citing “substantial progress” in talks between the two countries.
U.S.-based high-yield bond funds attracted $698 million in the week ended Wednesday, marking the sector’s fifth straight week of inflows, Lipper said. U.S.-based equity ETFs attracted about $7.5 billion in the week ended Wednesday, Lipper noted.
Reporting by Jennifer Ablan; editing by Jonathan Oatis