LONDON (Reuters) – A Bank of America (NYSE) survey revealed on Friday that global stock and bond funds saw modest inflows at the expense of cash and gold even as global markets hit severe hurdles this week, which was dominated by concerns about the US debt ceiling. and energy shortages in Europe and China.
On a weekly basis, investors pumped 9.2 billion dollars into stocks and 8 billion dollars into bonds, while getting back 0.6 billion dollars in cash and 6.6 billion dollars in cash, respectively.
Digging deeper, investments flowed more broadly into the financial, energy and venture capital sectors, while emerging market debt funds saw significant outflows due to higher bond yields.
(Prepared by Moataz Mohamed for the Arabic Bulletin)
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