European equities see $2.0b in net outflows in March 30 week, marking an 8th straight week of redemptions, the longest streak since May 2013, BofAML strategists write in note, citing EPFR Global data.
- U.S. equities see $0.6b inflows, with inflows in 3 of past 4 weeks
- Japan equties see $1.1b outflows, largest since Oct. 2015
- EM equities see $0.6b outflows, after 3 straight weeks of inflows
- By sector globally: healthcare outflows in 11 of past 13 weeks
- In fixed income: HY bond funds see $0.8b outflows, first outflows in 6 weeks
- IG bond funds see $0.7b inflows, 4 straight weeks of inflows
- NOTE
- S&P 500 up 0.8% WTD, Stoxx 600 down 9%, MSCI EM up 4%
- March 31: U.S. Individual Investor Bulls Fall to Lowest Since Mid-Feb
- March 29: Downside Risks Are Increasing for European Stocks: Deutsche Bank