Equity funds got a $16 billion injection while bonds saw inflows of $7.8 billion, BofA said citing EPFR data, as investors showed “no inflation fear”.
Gold, however, saw outflows of $1.3 billion while investors pulled $0.3 billion out of cash.
Emerging market debt and equity enjoyed their seventh straight week of inflows, totalling $8.3 billion.
BofA’s bull and bear indicator – a measure of market sentiment – is at its highest level since March 2022. It has clocked up its biggest three-month surge since August 2020, driven by strong emerging market flows and strong stock market breadth, BofA said.
