UPDATE 1-TIPS funds attract $1.4 bln in week, most in 5 yrs -BofA

April 24, 2015 5:12 PM

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NEW YORK, April 24 (Reuters) - Investors worldwide poured $1.4 billion into funds that hold Treasury inflation-protected securities (TIPS) in the week ended April 22, marking their biggest inflows in five years, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

Bond funds overall attracted $5.6 billion in new cash, marking their 16th straight week of inflows, according to the report, which also cited data from fund-tracker EPFR Global. High-yield bond funds attracted $400 million to mark inflows in 12 of the past 13 weeks.

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