Bank of America: Stock and bond funds attract inflows
LONDON (Reuters) – A Bank of America survey revealed on Friday that global stock and bond funds saw modest inflows at the expense of monetary funds 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 poured $9.2 billion into stocks and $8 billion into bonds, while reclaiming $0.6 billion in gold and $6.6 billion 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)