US large-cap stocks attracted hot money over the past week, as a record $58.1 billion poured into global equity funds, according to the weekly fund flow data released by Bank of America Global Research (BofA).
Key takeaways (via Reuters)
“US equities attracted $36.3 billion inflows, the highest ever, with large-cap funds taking in $25.1 billion in the week to Wednesday.”
“Cash funds lost $10.6 billion, while gold recorded its first outflows in two months with $800 million fleeing.”
Related reads
- Stocks still all smiles six days in a row
- Churchill Capital Corp IV (CCIV): Eyes fresh record highs after the 13% post-market rebound
Share
