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12 Feb 2021
Record $58.1 billion pours into global equity funds – BofA
US large-cap stocks attracted hot money over the past week, as a record $58.1 billion poured into global equity funds, according to the weekly fund flow data released by Bank of America Global Research (BofA).
Key takeaways (via Reuters)
“US equities attracted $36.3 billion inflows, the highest ever, with large-cap funds taking in $25.1 billion in the week to Wednesday.”
“Cash funds lost $10.6 billion, while gold recorded its first outflows in two months with $800 million fleeing.”
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