Investors put $30.5 bln into stocks, ditch safe havens – BofA – Reuters
- Date: 15-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Investors put $30.5 bln into stocks, ditch safe havens – BofA – Reuters
LONDON, Jan 14 (Reuters) - Investors piled into stocks and ditched cash, gold and bonds, especially safe haven ones, in the week to Wednesday, BofA said in its weekly flow tracking note published on Friday.
Equity funds attracted $30.5 billion while bond funds suffered their first outflow in four weeks at $2.9 billion, cash funds lost $43.5 billion and gold at $100 million, BofA said in its note based on EPFR data.
"Nobody is short the equity market," said Michael Hartnett, chief investment strategist at BofA.
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