Investors pour cash into equity, bond funds, dump cash - BofA
Reuters
Published Apr 16, 2021 08:41
LONDON (Reuters) - Investors poured a hefty $25.6 billion into equity funds in the week to Wednesday and $17.9 billion into bond funds, the largest inflow in 10 weeks, BofA's flow data showed on Friday.
In contrast, there was an outflow of $47.3 billion from cash funds, the largest in four months, BofA said.
It noted that an inflow into global stocks over the past five months at $602 billion exceeds the inflow in the prior 12 years of $452 billion.
BofA also pointed to strong flows into investment-grade bonds, emerging market equities. Tech sector inflows resumed too, with $1.6 billion received, the bank added.
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Written By: Reuters
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