Risk-on week as investors put money to work in equity ETFs, junk bonds: Lipper

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

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