Equity Funds See Inflows for 10th Straight Week
Equity funds globally see $11.8b inflows in the week to March 8, marking a 10th straight week of inflows, BofAML strategists write in note, citing EPFR Global data.
- U.S. equity funds see $7.2b inflows, with positive flows during five of the last six weeks; European equity funds see $1b inflows, positive flows in six of the last seven weeks
- Emerging markets equity funds see $0.7b inflows, positive eight of the last nine weeks; Japanese equity funds see $1.2b inflows, with 9 straight weeks of positive flows
- By sector: financials see brisk inflows; largest inflows to REITs in eight weeks; first outflows from materials in eight weeks
- In fixed income: bond funds see $4.6b inflows overall, an 11th straight week of inflows
- $4.3b inflows to IG bond funds, $2.7b outflows from HY bond funds, $2.1b inflows to EM debt funds
- YTD, equity inflows totaled $82b, slightly outpacing bond inflows of $80b
- Since March 2009, bond funds have recorded $1.5t inflows vs just $256 billion inflows for equity funds: BofAML