KONTAN.CO.ID - LONDON. A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash funds and had a lighter exposure to bonds, BofA’s weekly fund flow data showed on Friday. World stocks notched all-time highs this week as earnings and economic recovery prospects buoyed investor sentiment. The rush to equities saw extreme positioning among the U.S. investment bank’s wealth management clients with 63.1% allocated to equities -- highest ever -- and 19.1% to debt -- lowest ever.
Record $58.1 billion pours into global equity funds: BofA
KONTAN.CO.ID - LONDON. A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash funds and had a lighter exposure to bonds, BofA’s weekly fund flow data showed on Friday. World stocks notched all-time highs this week as earnings and economic recovery prospects buoyed investor sentiment. The rush to equities saw extreme positioning among the U.S. investment bank’s wealth management clients with 63.1% allocated to equities -- highest ever -- and 19.1% to debt -- lowest ever.