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Reuters
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Bank of America said today that investors turned to safe-haven securities last week, pumping money into cash, gold and bonds, while pulling money out of stocks from the markets. emerging.
Cash received $ 24.7 billion in inflows in the week ending last Wednesday, while bonds received $ 12.1 billion, recording inflows for the 21st week in a row, while funds in gold attracted the largest inflows in eight weeks at $ 0.7 billion.
While equity funds as a whole attracted inflows of $ 4.8 billion, European stocks received $ 0.7 billion, the largest inflows seen in seven weeks.
Bank of America said emerging market equity funds lost $ 1.6 billion, the largest outflow in six weeks.
Source: Reuters
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