LONDON (Reuters) – A higher $ 58.1 billion has been poured into global equity funds over the past week as investors withdrew cash and were lighter on cash. bonds, BofA weekly fund flow data showed Friday.
World stocks hit high-level levels this week as employment expectations and an economic recovery boosted investor sentiment.
The drive to shares saw a staggering position among U.S. investment bank wealth management clients with 63.1% allocated to shares – the highest ever – and 19.1% to debt – the lowest ever.
The investment bank said most streams last week ended in U.S. shares with a $ 36.3 billion inflow, the best ever, with big-cap cash yields entered $ 25.1 billion in the week to Wednesday.
Non-stop buying in large technical stocks has been a key feature of recent investment trends. Tech funds pulled in at $ 5.4 billion, surpassing $ 4.2 billion in inflows last week.
The BofA Bull & Bear 7.7 mark just hit a shy of “very bullish” levels in a sign of exile.
This dangerous feeling prompted a flow out of silver and gold. Silver lost $ 10.6 billion, and gold recorded its first outburst in two months with $ 800 million fleeing. Bonded cash saw $ 13.1 billion.
Reciting with Thyagaraju Adinarayan; edited by Sujata Rao