English
Bank of America: Global equity funds attract $ 46.2 billion in inflows
Weekly data on fund flows from Bank of America showed that equity funds attracted their third-largest inflows ever at $ 46.2 billion in the week ending on Wednesday, led by flows into technology stocks and financial companies.
Bank of America concluded that bond funds attracted $ 7.1 billion in inflows for the 16th week in a row, while Treasury inflation-protected securities added $ 1.3 billion.
The bank is based on EPFR data gathered before the latest jump in real yields, sparking a sell-off in the stock market.
Bank of America said fixed-income debt instruments rated at investment grade attracted $ 5.4 billion at the expense of high-yield instruments that lost $ 1.7 billion in the largest influx of flows in three months.
In equities, US stocks raked in $ 20.4 billion, while emerging markets received record inflows of $ 11.6 billion in debt and equities.
