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LONDON (Reuters) – Investors quickly poured money into bond funds rated in government bonds, registering fixed income instruments, the fourth largest weekly influx, while they were seeking to protect themselves from the risk of global recession, Bank of America said Friday.
"A total of $ 16 billion was injected into bond funds during the week ending Wednesday," the bank said, citing IBFR data. Investment Grade rated funds withdrew $ 10.7 billion, the fifth in a week for this badet clbad, while government bonds received $ 4.7 billion. .
The data shows that equity funds had limited outflows of $ 4.7 billion during the week.
(Reuters)
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