UPDATE 1-U.S.-based European stock funds attract $1.5 bln, most in 7 weeks -Lipper

April 9, 2015 9:55 PM

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(Adds quotes from head of Lipper Americas Research, flow details; byline) By Sam Forgione NEW YORK, April 9 (Reuters) - Investors in U.S.-based funds committed $1.5 billion to funds that specialize in European shares in the week ended April 8, the biggest inflows in seven weeks, data from Thomson Reuters' Lipper service showed on Thursday. "Even though we've been told history doesn't repeat, investors are looking at Europe for the rally they might have missed after the U.S.

Quantitative Easing programs were launched," said Jeff Tjornehoj, head of Lipper Americas Research. The latest inflows into European equity funds, their 11th week of incoming cash, follow the European Central Bank's 1 trillion-euro government bond-buying program which has bolstered investor appetite...

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