Reported 8 months ago
According to a report by Bank of America, global stock funds attracted $6.3 billion in fund inflows in the week ending June 12, with US stock funds experiencing 8 consecutive weeks of inflows. Europe was the only region with outflows this year, with European stock funds experiencing outflows for the fourth consecutive week. Cash funds saw a $40.4 billion inflow, the largest among all asset categories, with an annualized inflow volume of $680 billion. Bond funds also saw strong inflows, with investment grade bonds attracting $7.7 billion over 33 weeks and high yield bonds attracting around $1 billion. However, emerging market debt saw outflows of $1 billion, reflecting cautious investor sentiment. In terms of sectors, the technology industry led with $2.1 billion in inflows, while the energy sector saw the largest outflow since February 2024 at $1.3 billion, followed by the healthcare sector at $600 million. Money market funds reached an assets under management (AUM) size of $6.1 trillion.
Source: YAHOO