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- Equity, bond funds see inflows as markets hit rough patch - BOFA
Equity, bond funds see inflows as markets hit rough patch - BOFA
Reuters reports that a weekly round-up by BofA showed that global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough patch this week.
On a weekly basis, investors ploughed $9.2 billion into stocks and $8 billion into bonds, while withdrawing $0.6 billion from gold and $6.6 billion from cash respectively.
Digging deeper, broader investment flows were into financials, energy and small cap sectors while emerging market debt funds saw large outflows thanks to rising bond yields.
"If the 2010s was deflationary, driven by excess debt and ageing demographics, 2020s will be inflationary, driven by economic isolationism due to broken supply chains and government intervention as central banks want inflation," analysts led by Michael Hartnett, chief investment strategist at the bank, said in a note.
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