Within sectors, oil price declines over concerns about growth in U.S. production and inventories hobbled energy firms. Stock funds focused on that sector recorded $302 million in outflows, the most since September. But technology-sector funds, buoyed by strong third-quarter corporate earnings, attracted $965 million in their largest inflows since the same month.
Riskier stocks outside the United States retained their appeal. Emerging-markets equity funds raked in a tenth straight week of cash and Japanese stocks snapped up a sixth consecutive week of net inflows.
This article was provided by Reuters.