US funds post $38.4 billion inflows in Oct-Lipper

BOSTON, Nov 20 (Reuters) - U.S. mutual funds posted net inflows of $38.4 billion in October, compared with outflows of $104.4 billion in the previous month, as investors flocked to money-market funds, research firm Lipper Inc said.

"Investors sought the relative safety of money-market funds in October, adding an estimated $169.1 billion," Lipper said in a report released on Thursday. Lipper is a unit of Thomson Reuters (TRI.TO) (TRIL.L) (Reporting by Muralikumar Anantharaman; Editing by Lisa Von Ahn)