Tech stocks, emerging market debt see inflows on “stagflation” bets By Reuters – Investing.com
- Date: 10-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Tech stocks, emerging market debt see inflows on “stagflation” bets By Reuters – Investing.com
LONDON (Reuters) - Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in a weekly note, with the U.S. investment bank's own private clients boosting their equity allocations to a record high.
Equity funds pulled in $12.7 billion while bond fundsattracted $12.6 billion, BofA found, citing EPFR data. Cash was also surprisingly in demand with inflows at a five-week high at $15.2 billion.
Real estate investment trusts, seen as providing high but sustainable returns, benefited from an overall macroeconomic picture marked by slowing growth and rising inflation, enjoying their biggest inflow in 2-1/2 years at $1.8 billion.
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