Bank of America said in a note, Friday, that investors flocked to emerging market stocks last week, while equity and bond funds also witnessed net inflows.
According to EPFR data, the bank stated that emerging market shares recorded inflows of $ 2.7 billion, the largest in 6 weeks, while emerging market debts witnessed strong inflows of 2.2 billion. Equity funds recorded 1.8 billion inflows, dominated by Europe, which attracted the largest flows in 18 weeks, (2.2 billion).
Bond funds attracted 14.4 billion. “Bank of America” said that investors continued to refrain from cash, which witnessed the displacement of inflows for the eleventh week.
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