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Investors pour cash into equity, bond funds, dump cash - BofA

Reuters
·1-min read
FILE PHOTO: A broker looks at financial information on computer screens on the IG Index the trading floor

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.

(Reporting by Dhara Ranasinghe)