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Easing worries sees investors buy stocks and bonds - BofA

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 12 (Reuters) - Investors bought bonds and equities in the week to Wednesday, according to BofA Global Research, while the pace of inflows into cash slowed, reflecting a greater sense of confidence.


Treasury funds saw $6.3 billion of inflows in the week, the largest inflow in six weeks, BofA said in a research note citing EPFR data.


Equity funds saw a $2 billion inflow, BofA said, led by tech funds, which saw their largest inflow since December 2021. Financials saw their largest outflow since May 2022.


In a sign investors were becoming less wary about the outlook, the pace of inflows into cash funds slowed, with the four-week average inflow the smallest in 10 weeks, BofA said.


Inflows into gold totalled $1.3 billion, their largest since April last year, BofA said. Gold hit a record above $2,000 an ounce last week, as investors remained wary of the stability of the financial sector. (Reporting by Samuel Indyk)

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