February 1, 2018 / 10:25 PM / a year ago

U.S. fund investors race into stocks despite sell-off -Lipper

NEW YORK, Feb 1 (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. (Reporting by Trevor Hunnicutt; Editing by Richard Chang)

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