Record $58.1 billion pours into global equity funds – BofA

Dhwani Mehta FXStreet

US large-cap stocks attracted hot money over the past week, as a record $58.1 billion poured into global equity funds, according to the weekly fund flow data released by Bank of America Global Research (BofA).

Key takeaways (via Reuters)

“US equities attracted $36.3 billion inflows, the highest ever, with large-cap funds taking in $25.1 billion in the week to Wednesday.”

“Cash funds lost $10.6 billion, while gold recorded its first outflows in two months with $800 million fleeing.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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