BofA: Bank of America: Investors Pumping Money Into Stocks And Bond Funds, Dumb Cash

Bank of America’s flows data revealed on Friday that investors pumped a whopping $25.6 billion into equity funds in the week ending Wednesday and $17.9 billion into bond funds, the largest inflow of inflows in ten weeks.

In contrast, $47.3 billion was displaced from cash funds, the largest in four months, according to Bank of America.

He pointed out that the global stock inflows over the past five months, which amounted to 602 billion dollars, exceeded the flows in the past twelve years, which amounted to 452 billion dollars.

The bank also noted strong inflows of bonds rated at an investment grade and emerging market equities. He added that flows to the technology sector also resumed, receiving $1.6 billion.