LONDON, Feb 10 (Reuters) - Investors pulled $7.4 billion
from stock funds over the last week and put the same amount into
bonds, according to Bank of America’s latest Flow Show report on
Friday.
BofA also said the traditional 60% stocks and 40% bonds
portfolio had the best start to the year since 1991, with
investors starting 2023 in a chipper mood.
Stocks and bonds have climbed this year as traders have
cheered signs that global inflation is cooling. That's spurred
hopes that the biggest central banks might soon be able stop
hiking interest rates.
(Reporting by Harry Robertson; Editing by Amanda Cooper)
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