Largest Stock Outflows in 40 Weeks as Bond Inflows Rise: BofAML
The week through April 5 saw $7.4b outflows from equities, largest in 40 weeks, Bank of America Merrill Lynch strategists Michael Hartnett and Jared Woodard write in report citing EPFR Global data.
- Bonds recorded $12.4b of inflows, most in 8 weeks, with Treasuries posting largest inflows in 10 weeks
- U.S. stocks saw largest outflow in 82 weeks ($14.5b); Europe had second straight week of inflows ($900m); Japan drew $300m and $2.4b entered EM
- Tech funds attracted $800m of inflows, with inflows to robot funds surging
- By sector, materials, utilities, real estate and infrastructure also posted inflows; energy, financials, consumer, healthcare saw outflows