According to Bank of America strategists, equity-focused funds worldwide attracted $10.5 billion in inflows for the week ending on May 22nd.
U.S.-based funds investing in stocks saw their fifth consecutive week of inflows, with $12.2 billion flowing into American markets, indicating ongoing investor interest.
In other regions, while outflows from European stocks continued, Japan witnessed its highest weekly outflow from stocks to date, reaching $5.9 billion.
Among different industry sectors, the commodities sector saw the highest inflow with $1.9 billion. In contrast, both the basic services and healthcare sectors witnessed significant outflows of $400 million each, while the consumer goods sector saw a $600 million outflow.
During the same week, bond funds saw an increase of $12.5 billion in investments. Bonds, perceived to have lower default risk, saw a continuous 30-week streak of inflows, totaling $6.5 billion, while higher-risk bonds saw outflows of $2.2 billion, marking the highest weekly outflows in three weeks since November.
Emerging market bonds saw a slight increase of $100 million.
Cash-holding funds remained a preferred option with inflows of $24.8 billion, indicating investors’ preference to maintain liquidity amid ongoing uncertainties in financial markets.
Source: investing.com
