Reported 7 months ago
According to BofA Global Research, investors in the U.S. shifted their focus from value stocks to growth stocks in the week ending Wednesday, driven by lower-than-expected inflation data leading to decreased bond yields. During the week, there were $1.8 billion inflows into U.S. growth stock funds and $2.6 billion outflows from U.S. value stocks. The unexpected stasis in the U.S. consumer price index for May prompted market speculations of potential interest rate cuts by the Federal Reserve, with investors favoring growth stocks in such an environment. Cash inflows reached $40 billion, while investments in U.S. Treasuries and investment grade bonds were noted.
Source: YAHOO