LONDON (Reuters) – Global bond funds have again received a week of massive inflows, while stocks have slowed to near-stop, Bank of America analysts Merrill Lynch said on Friday.
Investors pumped $ 9.6 billion into bond funds, continuing flows for the 17th week in a row as the market followed an increase in bond prices driven by a central bank of monetary easing, while bond markets suffered a seventh consecutive week of decline, as little as $ 300 million.
European equity funds have seen 58 of the last 60 weeks and $ 4 billion repression in the week ending May 1, analysts said, citing data from EFPR, a specialist in monitoring capital flows. The volume of the transfer from US equity funds was $ 2.2 billion.
Investors looking for high-yielding assets, on the other hand, led them to emerging market bond funds, which received their largest inflow of 12 weeks and raised $ 2.4 billion.