Global equity funds attracted inflows in the week through June 28, Bank of America investment strategists wrote in a note, citing EPFR Global’s data.
Equities attracted $1.5 billion in inflows while bonds saw $600 million in inflows with Treasuries marking the 20th consecutive week of inflows (the longest streak since September 2011).
Year-to-date, cash is the winner with $752B in inflows while IG bonds witnessed $113B in inflows. EM equities attracted $67B while U.S. stocks saw outflows of $38B, following the second week of outflows ($1.6B).
In the meantime, U.S. large-cap stocks attracted $2.6B in inflows, while there was outflow from growth ($1.1B) and value ($6.4B).