Investors flock to safety on concerns over peaky markets – BofA – Reuters

Investors flock to safety on concerns over peaky markets – BofA – Reuters

Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, BofA's fund flow statistics showed on Friday, a sign of growing concern over inflation and the potential roll back of central bank stimulus.

Money market funds attracted $68 billion, the largest weekly inflow since April 2020, BofA said citing EPFR data. Gold sucked in $2.6 billion, the largest inflow in 16 weeks.

But investors did not stop chasing stocks, which took in $17.9 billion, though BofA warned that peak positioning, policy and profits could lead to low or negative stock returns in the next 3-6 months.