Investors pumped $57.3 billion into cash funds and slowed down the pace of equity buying in the week to Wednesday as fears of higher inflation and a "taper tantrum" curbed risk appetite, according to BofA's latest weekly fund flow report on Friday.
Worries that the U.S. Federal Reserve would scale back - or "taper" - its quantitative easing programme was highlighted as the biggest risk to markets in the investment bank's latest fund manager survey. read more
Almost $14 billion went into bond funds and $10.5 billion into equity funds, BofA said citing EPFR data. Inflows to cash were the largest since March 2020, the peak of Covid-19 market crash.
Still, asset allocation to equities among fund managers are at 64.3%, highest ever. And, global stock markets are hovering near record high levels.
Our Standards: The Thomson Reuters Trust Principles.
"load" - Google News
April 30, 2021 at 03:02PM
https://ift.tt/3u3fhTw
Investors load up on cash as taper fears threaten equities run - BofA - Reuters
"load" - Google News
https://ift.tt/2SURvcJ
https://ift.tt/3bWWEYd
Bagikan Berita Ini
0 Response to "Investors load up on cash as taper fears threaten equities run - BofA - Reuters"
Post a Comment